Millions of documents leaked from a corporate services firm with a posh London address are helping journalists unmask owners of secret offshore companies and the alleged criminal activities of some of those owners.… Continue Reading
A new report recently published by The Ethics and Compliance Initiative (ECI), the 2019 Global Business Ethics Survey, addresses the state of E&C programs across ten countries — USA, Brazil, UK, Spain, France, Italy, Germany, Russia, India, and China.… Continue Reading
Walmart Inc. agreed Thursday to pay the DOJ and SEC $282 million to settle allegations that it violated the Foreign Corrupt Practices by paying an intermediary in Brazil for help obtaining construction permits and having weak anti-corruption internal controls in Brazil, China, India, and Mexico.… Continue Reading
Uber Technologies, Inc. said Thursday the U.S. Department of Justice is investigating possible FCPA violations related to its activity in Asia.
According to Uber’s S-1 filing, the DOJ is investigating potential bribes in countries including Indonesia, Malaysia, China, and India. … Continue Reading
With the recent release of Transparency International’s Corruption Perceptions Index for 2018, this is a good time to assess India’s anti-corruption performance in recent years.
In 2018 India rose by three places to 78 on the list of 180 countries, while China ranked 87 and Pakistan 117.… Continue Reading
Cognizant Technology Solutions Corporation agreed to pay $25 million to settle FCPA charges with the SEC, and two of the company’s former executives were charged Friday by the DOJ for paying bribes to an Indian government official.… Continue Reading
The media has been busy reporting on investigation and enforcement news surrounding the elections across several states in India. These reports have a clear impact on actions compliance officers can and should take.… Continue Reading
A little-noticed nugget in the recent Stryker SEC Order (Stryker II) — in addition to overbilling, kickbacks, and using unvetted intermediaries in India and China — was the allegation that Stryker’s “Kuwait Distributor made over $32,000 in improper ‘per diem’ payments to Kuwaiti [healthcare providers] to attend Stryker events, when Stryker had directly paid the costs for lodging, meals, and local transportation for these individuals.” … Continue Reading
India’s anti-bribery and anti-corruption regime recently went through a massive change with the enactment of the 2018 Prevention of Corruption (Amendment) Act, 2018. What is the impact of the so-called Amendment Act and what measures should companies put in place to ensure compliance?… Continue Reading
The World Bank debarred an Indian construction services company Wednesday for faking past experience in the bidding process for a road project in India.
M/s Om Sakthi Constructions “submitted a fraudulent certificate of past experience in its bid” for a highway construction contract, the World Bank said. … Continue Reading