Oct 6 Wal-Mart Stores Inc rebuffed a
proposal by U.S. prosecutors to pay at least $600 million to
settle a corruption probe into the company's practices in
markets including Mexico, India and China, Bloomberg reported,
citing people familiar with the matter.
Prosecutors have now gone back to seek more evidence about
the company's alleged bribery in Mexico to put pressure on the
retailer to settle, Bloomberg reported. (bloom.bg/2e5W54p)
Some of Wal-Mart's actions in Mexico may be too old to
prosecute, the report said.
Wal-Mart did not immediately respond to a request for
(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by