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Wal-Mart Mexico hit with new tax and money-laundering allegations


Mexico City -- Multiple reports on Wednesday revealed that Wal-Mart Stores’ Mexican arm has been leveled with new allegations concerning tax evasion and money-laundering schemes.

The accusations against Walmex were outlined in a letter by U.S. Rep. Henry Waxman, sent Tuesday to Wal-Mart CEO Michael Duke and suggesting that the company “"may have had compliance issues relating not only to bribery, but also to 'questionable financial behavior' including tax evasion and money laundering in Mexico."

The company said in a statement Wednesday that "it has no knowledge that (it) is being investigated by Mexican authorities concerning these issues."

Wal-Mart has been battling earlier reports that Wal-Mart de Mexico may have been paying middlemen in Mexico to facilitate store permits with bribes.

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