Prime Minister Narendra Modi demonetized all existing Indian currency notes of rupee 500 and 1,000 denominations in November last year, triggering a cash crunch, factory shut downs, unpaid wages, unrecovered debts, and never ending lines at ATMs. … Continue Reading
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
I was pleased to read that others are picking up on the excellent work undertaken by Indian Prime Minister Narendra Modi and his government.
Among the legal reforms alluded to in Russell Stamets’ recent post for the FCPA Blog about Mr.… 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
It was not long ago that Vijay Mallya, a flashy Indian businessman and a former member of parliament, was celebrating his 60th birthday in style in Goa where Latin pop star Enrique Iglesias had been flown in especially for the occasion.… 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
India’s Central Bureau of Investigation (CBI) arrested the chairman of state-run Syndicate Bank Ltd., Sudhir Kumar Jain, on August 3, with the CBI announcing that two cases have been registered under the Prevention of Corruption Act and laws to prevent criminal conspiracy.… 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
India’s novice anti-corruption party has flamed out just 49 days after assuming control of administering the nation’s capital city-state.