By  on November 17, 2017

Wal-Mart Stores Inc. is getting close to putting a lengthy government investigation of its foreign operations behind it, but the financial cost has been steep.

The retail giant said in its generally glowing third-quarter financial results that it’s set aside $283 million, equal to about 1 cent per share, for a possible settlement with the Securities and Exchange Commission of its nearly seven-year investigation of possible bribes that company executives used to clear a path for Wal-Mart’s international expansion. Payments by certain persons or entities with business interests to foreign officials is a violation of the Foreign Corrupt Practices Act of 1977.

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