Posts Tagged: India
By Richard E. Messick
A new World Bank study on corruption in the roads sector shows the challenges contractors and engineering firms working in developing countries face when trying to avoid being drawn into schemes that violate the Foreign Corruption Practices Act or the anti-corruption laws of other nations or both.… Continue Reading
Transparency International’s latest report about antibribery enforcement in the OECD breaks down this way:
Active Enforcement: Seven countries: Denmark, Germany, Italy, Norway, Switzerland, United Kingdom, and United States
Moderate Enforcement: Nine countries: Argentina, Belgium, Finland, France, Japan, Korea (South), Netherlands, Spain, and Sweden
Little or No Enforcement: 21 countries: Australia, Austria, Brazil, Bulgaria, Canada, Chile, Czech Republic, Estonia, Greece, Hungary, Ireland, Israel, Luxembourg, Mexico, New Zealand, Poland, Portugal, Slovak Republic, Slovenia, South Africa, and Turkey
For specifics, the report said the United States has 227 cases (prosecutions and investigations) in the 2011 report, up from 169 in 2010; Germany has 135 cases, up from 117; and Brazil reports eight ongoing investigations, up from four in TI’s last report.… Continue Reading
File this story under bribery and public safety.
The AP reported yesterday that two more Indian airline pilots with fake licenses they bought by bribing government officials have been arrested.
So far, six pilots and some aviation officials are under investigation.… Continue Reading
In its latest annual report, Illinois-based Kraft Foods said it received a subpoena on February 1 from the SEC. The subpoena is connected to an FCPA investigation of a facility in India that was part of Kraft’s $19 billion acquisition of U.K.-based… Continue Reading