Walmart on Thursday agreed to pay a combined total of $282.7 million to resolve a more than seven-year investigation resulting from violations of the Foreign Corrupt Practices Act.
The settlement consists of a $137.96 million penalty to the Department of Justice and $144.69 million in disgorgement of profits, plus interest, to the Securities and Exchange Commission. A $4.3 million penalty, including forfeiture, against WMT Brasilia S.a.r.l., an indirect wholly owned subsidiary of Walmart, will be deducted from the amount owed by the retail giant under the non-prosecution agreement.
