News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Like the miasma of foul air and failed policies that choked New Delhi and closed schools last week, the Indian government’s sudden declaration that more than 80 percent of its circulating currency is invalid left many across the country stung and choked. … Continue Reading
Sometimes your supply chain will deliver an old-fashioned, pre-database, non-FCPA related integrity issue: the old bait and switch.
Target Corporation has severed business ties with Indian textile manufacturer Welspun India (NSE:WELSPUNIND) after it accused the company of substituting cheaper cotton for higher quality Egyptian cotton.… Continue Reading
India’s new bankruptcy code is a promising development in a jurisdiction where it is difficult to start a business and a nightmare to shut it down.
Global distressed debt funds are focusing on India and there is great potential to clear out bad loans and zombie companies.… Continue Reading
Many executives in India would agree that high-level political corruption in India has decreased significantly during the first two years of Prime Minister Narendra Modi’s regime, a welcome development by any measure.… Continue Reading
EY (the erstwhile Ernst & Young) is expected to pay Bain Capital about $35 million to settle claims that EY aided accounting fraud by an Indian clothing manufacturer in which Bain had invested.… Continue Reading
Aishwarya Rai Bachchan, Bollywood actress and former Miss WorldA famous Bollywood actor. His daughter in law, a former Miss World. One of India’s top lawyers. Politically connected “industrialists.” For a country with 1.2 billion people, the 500 or so Indian nationals disclosed so far in the Panama Papers are hardly a blip, and few of the names a surprise.… Continue Reading
The Indian Supreme Court has expanded the definition of public servant in a decision that has implications for not only the banking system but potentially the country’s broader struggle against corruption.… Continue Reading
One of India’s major anti-corruption figures has staged a spectacular return to power in New Delhi local elections, just eight months after abandoning office following his first electoral victory.
Arvind Kejriwal and his Aam Admi Party (“AAP,” the “Common Man’s Party” in Hindi) won an astonishing 67 out of 70 seats in the Delhi legislative elections, banishing the iconic Congress Party and trouncing the Bhartiya Janta Party (“BJP”) of Prime Minister Narendra Modi.… Continue Reading
Regime changes are always delicate moments in countries facing corruption problems. When the sea of power recedes the low tide often exposes relationships and decisions that many had hoped would never surface.… Continue Reading
Indian general election results will be announced May 16 and are likely to have far-reaching implications for the course of the Indian economy. Why pay attention to the elections in India, the largest vote mounted in human history?… Continue Reading
India’s novice anti-corruption party has flamed out just 49 days after assuming control of administering the nation’s capital city-state.
Delhi Chief Minister Arvind Kejriwal, the firebrand leader of the anti-corruption Aam Admi Party (AAP), has resigned after losing his majority in the city’s legislative assembly.… Continue Reading
It took more than 45 years, numerous revisions and a sound thumping for a storied political party, but the Indian parliament finally has passed a law authorizing creation of a new agency that may help address entrenched graft by public officials.… Continue Reading