Grand Jury Meeting Over Wal-Mart Expenses

http://news.yahoo.com/news?tmpl=story&ncid=749&e=1&u=/ap/20050422/ap_on_bi_ge/wal_mart_grand_jury&sid=84439559

A federal grand jury is reviewing allegations of misspending within Wal-Mart Stores Inc., an investigation the world's largest retailer spurred when it handed over internal documents to the Justice Department, a company spokesman said.

Wal-Mart spokesman Marty Heires told The Associated Press on Friday that the company is limited in what it can say about the inquiry because the probe is being handled by a grand jury.

"We have committed fully to cooperate with the federal authorities, and we're doing that," Heires said.

At the center of the investigation is an allegation that former vice chairman Tom Coughlin, who was the No. 2 figure in Wal-Mart's hierarchy before his retirement last year, misspent up to $500,000, some of it allegedly for anti-union activity.

that there were a lot of people in Wal-Mart that went down when Coughlin left.

Hope they don't whitewash this like so many of the other corporate scandals. Everybody involved - through action or inaction - needs to be held accountable.

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