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Richard L. Cassin Publisher and Editor

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Jessica Tillipman Senior 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

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FCPA Blog Daily News

Entries in India (218)

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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Wednesday
Sep232015

World Bank: What evidence goes into a sanctions decision?

Image courtesy of the World BankThe prior post described the World Bank's procedures for handling allegations of fraud in Bank-financed projects. This post looks at the types of evidence and mitigating factors that can be part of a decision to impose sanctions.

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Wednesday
Aug192015

Walmart FCPA spending just topped $650 million

Walmart said in a management call Tuesday that FCPA and compliance-related costs were about $30 million during the second quarter, with $23 million for ongoing investigations and $7 million for the company's global compliance program. 

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Tuesday
Aug112015

Police: Former top Goa official ‘blackmailed’ Louis Berger

Former Goa chief minister Digambar Kamat (Image courtesy of firstpost.com)Police sources in India said the former chief minister of the India state of Goa allegedly "blackmailed" Louis Berger International by refusing to approve work permits and invoices until the company paid bribes.

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Monday
Aug032015

Former Louis Berger VP arrested in India

Image courtesy of Louis Berger InternationalFormer Louis Berger vice president Satyakam Mohanty was arrested Monday on allegations of bribing Indian officials to win a water development project in the state of Goa.

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