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FCPA Blog Daily News

« China Corruption Blotter (May 24, 2013) | Main | For corporate defendants, there will (probably) be blood »
Friday
May242013

Global Contagion Report: G G Tronics India Pvt. Ltd.

Country: India

Company Involved: G G Tronics India Pvt. Ltd.

Industry: Industrials

Industry Subsector: Railroads

Official Involved: Railway Board staff member Mahesh Kumar

Enforcement Action: Investigation

Summary: At least nine people have been detained in a corruption probe centering on Mahesh Kumar's alleged attempts to buy himself a Railway Board post with oversight of lucrative contracts. Kumar is accused of colluding with several suppliers, including G G Tronics managing director Narain Rao Manjunath, to raise $2.3 million in bribe money. The scheme unraveled when investigators caught Vijay Singla, nephew of railway minister P K Bansal, accepting part of the payment. Bansal has denied any business ties to Singla.