Matthew Barakat, The Associated PressALEXANDRIA, Va. -- Walmart agreed Thursday to pay a $138 million criminal penalty to settle Justice Department allegations that its Brazilian subsidiary secretly funneled more than $500,000 to an intermediary known as a "sorceress" for her uncanny ability to make permit problems disappear.
Walmart did not immediately respond to a call and emails seeking comment. A representative of Walmart Brazil said the company would not comment. The court documents say the corruption occurred in 2009 and 2010, and that the subsidiary's corrupt acts caused the parent company to submit inaccurate financial records. In particular, the payments to the intermediary were recorded as payments to a construction company, even though there were numerous "red flags" to indicate that the intermediary was actually a government official. Walmart Brazil was barred at the time from hiring civil servants.
The plea agreement also includes a provision barring the Brazilian subsidiary from making public claims or issuing press releases contradicting the facts outlined under the plea agreement.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Brazil held to scoreless draw with Venezuela thanks to VAR - Sportsnet.caBrazil followed a lacklustre win over Bolivia with a scoreless draw against Venezuela in the Copa America on Tuesday, prompting more jeers from local fans. How is it bailed out if they’re the right calls lmfaoooo
Source: Sportsnet - 🏆 57. / 59 Read more »
Marta sets record with 17th World Cup goal as Brazil beats Italy - Sportsnet.caMarta set a record for men and women with her 17th career World Cup goal in Brazil's 1-0 victory over Italy on Tuesday.
Source: Sportsnet - 🏆 57. / 59 Read more »
PG&E to pay US$1 billion to governments for wildfire damageA California utility agreed Tuesday to pay US$1 billion to 14 local governments to cover damages from a series of deadly wildfires caused by its downed power lines. Sure seems like it’s climatey up in here. Or wait it’s all human? Wow CBC you finally told the truth. What did he’ll freeze over? Extortion
Source: CTVNews - 🏆 1. / 99 Read more »
Marta sets record with 17th World Cup goal as Brazil beats Italy - Sportsnet.caMarta set a record for men and women with her 17th career World Cup goal in Brazil's 1-0 victory over Italy on Tuesday.
Source: Sportsnet - 🏆 57. / 59 Read more »
Marta becomes top World Cup scorer in Brazil’s 1-0 win over ItalyA second-half tally was Marta’s 17th World Cup goal, moving her ahead of Germany’s Miroslav Klose to become the outright top scorer in both the men’s and women’s game Globe_Sports Cadê as manchetes aqui no Brasil, para esse tremendo feito Aliás, a seleção de futebol feminina jamais teve em seus quadros qq atleta q nos envergonhase, enqto pais. Já a masculina é frequente na folha policial Globe_Sports Marta❤️ Brazil 🇧🇷Alagoas
Source: globeandmail - 🏆 5. / 92 Read more »
Brazil held to scoreless draw with Venezuela thanks to VAR - Sportsnet.caBrazil followed a lacklustre win over Bolivia with a scoreless draw against Venezuela in the Copa America on Tuesday, prompting more jeers from local fans. How is it bailed out if they’re the right calls lmfaoooo
Source: Sportsnet - 🏆 57. / 59 Read more »