CURRENT AFFAIRS

Detailed explanation-1: -FCPA Representation Major corporations in all fields of business have been penalized in civil and criminal judgments. Ralph Lauren, Oracle, Eli Lilly, Pfizer, and Tyco, are but a few of the companies who have been charged with FCPA violations and paid millions of dollars in settlements.

Detailed explanation-2: -According to the company’s admissions and court documents, Stericycle conspired to corruptly offer and pay approximately $10.5 million in bribes to foreign officials in Brazil, Mexico, and Argentina in order to obtain and retain business and other advantages for Stericycle.

Detailed explanation-3: -According to a press release from the department, 19 Walmart stores were found to be overcharging customers as a result of price-scanner errors during the second quarter of 2022, as were 27 Dollar Generals, six Family Dollars, and two Targets, among others.

Detailed explanation-4: -Walmart’s Global Anti-Corruption Policy forbids us from paying, offering or authorizing payment of money (or anything that has value) to improperly influence anyone. This also applies to payments made through someone unaffiliated with Walmart, such as a third party acting on Walmart’s behalf.