WASHINGTON — Walmart has paid $2.9 billion to resolve fraud charges and agreed to pay $4.5 billion in restitution to customers, the Justice Department said Thursday.
The company will pay $1.4 billion to the government, the settlement said.
The settlement comes after a six-month investigation into allegations of falsifying sales data, accounting, and internal accounting.
Walmart said in a statement it will spend $8.2 billion on compliance efforts over the next five years.
The Justice Department announced the settlement in September after it concluded an internal investigation into how Walmart paid suppliers and subcontractors to produce goods for its online store.
Walmarts alleged that the suppliers paid Walmart employees higher wages and other incentives than Walmart.
In July, Walmart agreed to give a $500 million refund to consumers who had purchased the faulty merchandise.