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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

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Posts Tagged: India

India construction company faked experience in World Bank bid

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

Beam Suntory pays $8 million to resolve FCPA offenses

Chicago-based spirits maker Beam Suntory Inc. agreed Monday to pay more than $8 million to resolve Foreign Corrupt Practices Act charges for improper payments by its Indian subsidiary.

Beam resolved the SEC’s civil charges without admitting or denying the allegations.… Continue Reading

Sundar Narayanan on corruption: Let’s consider the role of belief systems

Despite a sustained campaign against corruption, including the radical step in late 2016 of taking all existing Indian currency notes of rupee 500 and 1,000 denominations out of circulation, the perception continues that India is a corrupt nation, plagued by never-ending waves of large-scale scams, systematic frauds, and chronic money laundering, all presided over by individuals with political connections.… Continue Reading

Alere pays $13 million to resolve accounting fraud and FCPA offenses

Massachusetts-based Alere Inc. will pay more than $13 million to settle charges that it bribed foreign officials and committed accounting fraud to meet revenue targets, the SEC said Thursday.

Alere subsidiaries in India and Colombia “obtained or retained business” by using distributors or consultants to make improper payments to officials of government agencies or entities under government control, the SEC said.… Continue Reading

World Bank debars units of Aussie engineer SMEC

The World Bank Thursday said it debarred five subsidiaries of a leading Australia-based engineering firm after the bank found evidence of “inappropriate payments.” 

SMEC International Pty. Ltd., a subsidiary of SMEC Holdings Pty.… Continue Reading

Andy Spalding on Bhutan: An anti-corruption movement like no other

Bhutan — the tiny Himalayan kingdom nestled between China and India — now writes an anti-corruption story unlike any I have seen, and in the best of ways. 

Deliberately isolated from the outside world and its geopolitical machinations, Bhutan has declined to establish diplomatic relations with the United States, China, and Russia alike.… Continue Reading