BENTONVILLE, Ark., July 28 (UPI) -- Wal-Mart Stores Inc. of Bentonville, Ark., is suing a former vice chairman for about $7 million, the Wall Street Journal reported Thursday.
Thomas Coughlin is accused of efforts to misappropriate as much as $500,000 through bogus expenses and the unauthorized use of company gift cards.
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Wal-Mart wants that money back plus about $6.5 million it paid him in bonuses during the seven years or so the fraud supposedly occurred.
The big U.S. discount chain previously rescinded Coughlin's retirement agreement, which included about $14 million in forfeited restricted stock and salary.
Coughlin has denied any wrongdoing.
