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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 

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FCPA Blog Daily News

Entries in India (222)

Friday
Jun032016

The optics (and other compelling reasons) for an India foreign bribery law

India’s own foreign bribery law, the Prevention of Bribery of Foreign Public Officials and Officials of Public International Organizations Bill, is stuck in a legislative logjam. It has passed through a parliamentary committee and was the subject of a Law Commission Report. But at present there is no timeline for the passage of the Bill.

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Wednesday
Jun012016

James Owen: Lessons from India’s most flamboyant defaulter

Indian businessman and politician Vijay MallyaIt 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.

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Wednesday
Apr132016

Bain Capital sues EY for faulty India accounting 

EY (the erstwhile Ernst & Young) is expected to pay Bain Capital about $35 million to settle claims that EY aided accounting fraud by an Indian clothing manufacturer in which Bain had invested.

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Friday
Apr082016

Panama Papers: 500 Indians, with a dash of Bollywood glamour

Aishwarya Rai Bachchan, Bollywood actress and former Miss WorldA famous Bollywood actor. His daughter in law, a former Miss World. One of India’s top lawyers. Politically connected “industrialists.” For a country with 1.2 billion people, the 500 or so Indian nationals disclosed so far in the Panama Papers are hardly a blip, and few of the names a surprise.

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Wednesday
Mar092016

Compliance alert: India Supremes say private bankers are ‘public servants’

The Indian Supreme Court has expanded the definition of public servant in a decision that has implications for not only the banking system but potentially the country’s broader struggle against corruption.

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Monday
Feb222016

SEC staff recommends FCPA enforcement action against Oreo maker Mondelēz International

Mondelēz International, Inc. said in a securities filing Friday that it received a Wells notice from the SEC in connection with operations in India and a factory there it bought from Cadbury.

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Tuesday
Feb162016

General Cable increases FCPA disgorgement reserve to $28 million

Image courtesy of General CableKentucky-based General Cable Corporation said it added $4 million to its reserve and has now set aside $28 million that's "probable to be disgorged" to the SEC in a possible settlement of FCPA offenses.

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Wednesday
Feb032016

Jeroen Michels: Does corruption at customs still scare you? Well, it should

You might not immediately spot the link between the deadly Tianjin explosion in China, the million-dollar La Linea scandal in Guatemala, and the investigations against the giant American company Walmart, all in 2015. The link? Corruption in customs.

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Wednesday
Jan202016

Sundar Narayanan: Is your next compliance problem at a toll booth in Delhi?

Delhi recently started enforcing new traffic regulations to reduce pollution levels. In October 2015, the city -- properly the National Capital Territory, where 10 million people live -- imposed a Green Tax on vehicles. 

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Monday
Jan042016

Will Wal-Mart change India? 

Of the four BRIC nations, all but one have enacted major anti-corruption reforms in the last several years. When will India step up? And might Wal-Mart help?

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Wednesday
Nov182015

Walmart cuts Q3 FCPA spending to $30 million

Wal-Mart Stores Inc. said Tuesday it spent $30 million on FCPA-related costs in its third quarter, with $22 million for ongoing investigations and $8 million for enhancements to its global compliance program.

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Thursday
Oct012015

SEC charges two Grant Thornton firms with violating auditor independence rules

The Securities and Exchange Commission Thursday charged Grant Thornton India LLP and Australia-based Grant Thornton Audit Pty Limited with auditor independence violations.

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