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Wednesday, May 2, 2012

''Wachovia, Tyson and Wal-Mart: The Transnational Face of Impunity''

From NACLA

"As financial columnist James B. Stewart wrote in the New York Times last week, commenting on another case of U.S.-based impunity, “Exhibit A for any lawyer representing potential Wal-Mart defendants would probably be last year’s bribery case against the huge poultry, pork, and beef producer Tyson Foods. Like Wal-Mart, Tyson employees bribed Mexican officials. When Tyson officials learned about the scheme, they covered it up…

“Last year, the Justice Department charged Tyson with conspiracy and with violating the Foreign Corrupt Practices Act. Tyson didn’t contest the facts, agreed to resolve the charges with a deferred prosecution and paid a $4 million criminal penalty. The company paid an additional $1.2 million and settled related regulatory complaints that it had maintained false books and records and lacked the controls to prevent payments to phantom employees and government officials.” Tyson is still in business. No one went to jail. No one is likely to go to jail. So where does impunity reign?''

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