Richard L. Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Harry Cassin Managing Editor

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

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor

FCPA Blog Daily News

Entries in India (227)


After Strkyer II, are per diems atop expenses always improper?

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.”  

Click to read more ...


Stryker hit with second FCPA enforcement action

Medical device maker Stryker Corp. agreed Friday to pay the SEC a $7.8 million penalty to resolve FCPA books and records and internal accounting controls offenses in India, China, and Kuwait.

Click to read more ...


Kunal Gupta: India criminalizes corporate bribery, but creates defenses

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?

Click to read more ...


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.  

Click to read more ...


Sundar Narayanan: A breakthrough anti-corruption law for India

Both houses of India's parliament adopted amendments to the country's main anti-corruption legislation that expand the definition of bribery and who's subject to the law.

Click to read more ...


Shruti Shah: A 2018 voter’s guide to ethics and integrity

In November 2018, all 435 seats in the House of Representatives, 34 Senate seats, and 36 governorships are up for grabs. We must challenge our candidates to compete on the basis of their commitment to integrity.

Click to read more ...


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.

Click to read more ...


FCA punishes Canara Bank for AML failures

The UK Financial Conduct Authority fined India's Canara Bank about $1.2 million Wednesday for a series of AML failures and barred it from accepting deposits from new customers for nearly five months.

Click to read more ...


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.

Click to read more ...


Kunal Gupta on Diwali gifts: Are you wrapping up a bribe?

Diwali is one of the most anticipated and celebrated festivals in India. It is also a festival of giving gifts and most often, compliance professionals struggle with policies and nuances of law around this time on giving gifts which can take the color of bribe.  

Click to read more ...


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.

Click to read more ...


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." 

Click to read more ...