Walmart to pay over $282 million for violating anti-corruption regulations in 4 countries including India
Updated : June 21, 2019 11:49 AM IST
According to the US Security and Exchange Commission (SEC), these violations were conducted by Walmart's third-party intermediaries.
SEC has charged Walmart with violating FCPA by failing to operate a sufficient anti-corruption compliance programme for more than a decade.
Walmart agreed to pay more than $144 million to settle the SEC's charges and approximately $138 million to resolve parallel criminal charges by the Department of Justice for a combined total of more than $282 million.
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