Walmex Research Paper Example | Topics and Well Written Essays - 1500 words

Walmex - Research Paper Example A year later the company commemorated fifty years of service to Mexican citizens. 2009 ended with the acquiring of Wal-Mart de Centro America by the Wal-Mart de Mexico giant expanding its service to six countries (Kojadinovc 41). There are credible reports that Wal-Mart the largest retailer in the world was aware that one of its branches, wal -mart de Mexico used bribes coerce foreign officials to allow their operations. The bribes were paid to acquire permits for the Mexico stores establishments in desirable places such as the Teotihuacan. Alleged bribes are said to have been given to the Teotihuacan Municipal Council and the National institute of Anthropology and History’s director. Handsome Bribes were also orchestrated in relation to zoning laws and environmental permits that would have been hurdles in the company’s expansion. It is also under scrutiny for subverting democratic governance such as public votes, transparent procedures and open debates and the same bribes to offset competition. This is against compliance to the mandated foreign Corrupt Practices Act which prohibits an American company from offering bribes to foreign officials. In a response to the claims, Wal-Mart stated that it has been conducting extensive investigations in relation to the allegation cases and that they are non-tolerant to non-compliance to the law anywhere at any level of the company’s branches and is diligent to provide necessary contribution. In a separate statement the spokesman reiterated that the company has divulged substantial resources dedicated to this effort. Corruption and bribery are vastly permeated notions in Mexico. The justice system in the city is feeble and I can be manipulated with ease. Further, bribery is fuelled by the relatively low salaries paid to the local public workers. Hence it was not shocking for Wal-Mart to have its way through the law. Wal-Mart de Mexico was an insistent and crafty corruptor offering humungous bribes to get