Reuters: Regulatory News: Lawmakers point to possible money laundering issues at Wal-Mart

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Lawmakers point to possible money laundering issues at Wal-Mart Aug 14th 2012, 20:59 WASHINGTON | Tue Aug 14, 2012 4:59pm EDT WASHINGTON Aug 14 (Reuters) - Two U.S. House Democrats investigating bribery allegations in Wal-Mart's Mexico affiliate said on Tuesday they have obtained new internal records that may point to evidence of tax evasion and money laundering. Reps. Elijah Cummings and Henry Waxman, who are the ranking members, respectively, of the House Oversight and House Energy committees, disclosed the latest details of their probe in an Aug. 14 letter to the company. "We have obtained internal company documents, including internal audit reports, from other sources suggesting that Wal-Mart 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 lawmakers wrote in their letter to Wal-Mart Chief Executive Michael Duke.

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