Not just Wal-Mart: Dozens of U.S. companies face bribery suspicions - The Term Sheet: Fortune's deals blog Term Sheet | Public Relations & Social Marketing Insight | Scoop.it

Deere, Hewlett-Packard, Las Vegas Sands, Qualcom and many others are also under investigation for violations of the U.S. Foreign Corrupt Practices Act.

 

FORTUNE -- Perhaps Wal-Mart (WMT) should try the "everyone does it" defense....

 

There are at least 81 public companies under investigation by the Securities and Exchange Commission or the Department of Justice for running afoul of the Foreign Corrupt Practices Act, which makes bribery in foreign countries punishable in the U.S. In addition, a growing number of companies have started placing disclosures in their financial documents that say their employees may at times violate the U.S.'s overseas bribery law, despite the company's best efforts to prevent it....