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Walmex says bribery scandal won't hurt business
April 23, 2012 / 6:40 PM / in 6 years

Walmex says bribery scandal won't hurt business

MEXICO CITY (Reuters) - Wal-Mart de Mexico, or Walmex, battling bribery accusations, said in a statement on Monday it does not believe the allegations will hurt its business.

The New York Times reported this weekend that the Mexican unit of U.S. retail giant Wal-Mart Stores Inc silenced an internal investigation of hundreds of suspect payments worth more than $24 million made to grow its business in Mexico.

Reporting By Cyntia Barrera Diaz

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