Region: India

Indian police interrogate Louis Berger executive

Police from the Indian state of Goa have arrested a former vice president of US construction company Louis Berger, Satyakam Mohanty, in connection with an alleged bribery scandal, according to local reports.

04 August 2015

India considers ratifying UN linked anti-bribery laws

India’s parliament is considering enacting anti-corruption legislation that says those convicted of bribing officials will be imprisoned for seven years, according to reports.

21 July 2015

Louis Berger fined US$17.1 million for bribing officials

US construction company Louis Berger International agreed to pay US$17.1 million in a deferred prosecution agreement with the US Department of Justice to settle charges that it bribed officials in India, Vietnam and Kuwait to secure government contracts, the agency said in a statement on 17 July.

20 July 2015

Judge rejects JP Morgan request for documents in US$90 million suit

A US district judge on 29 June rejected a request from bank JP Morgan Chase to access documents about the ownership of a New York apartment it invested in.

10 July 2015

Former Yara CEO convicted of corruption

A court in Oslo has found four former executives at Norwegian fertiliser maker Yara International guilty of gross corruption. The case focused on the payment of bribes to officials in India and Libya to facilitate planned chemical and fertiliser projects

07 July 2015

Danish fraud investigation dropped after India ignores MLAT requests

Danish prosecutors have closed an investigation into an unauthorised €14.5 million payment made to an Indian business by a former director of Danish wind turbine company Vestas, after Indian authorities failed twice to respond to a mutual legal assistance request (MLAT).

25 June 2015

Indian court orders securities enforcer to accelerate investigation

The Securities Appellate Tribunal in Mumbai has ruled that India’s Securities and Exchange Board must speed up an insider trading investigation of a Cayman Islands-incorporated investment fund, after the fund was barred from trading in India almost a year ago.

12 May 2015

Automatic debarment is “bad policy”, finds report by TI and Covington

Governments and development banks should be flexible in their approach to debarment and encourage companies to remediate wrongdoing, says a report jointly produced by Transparency International and Covington & Burling.

08 May 2015

Indian cabinet passes anti-corruption legislation

Indian government ministers have approved amendments to the country's anti-corruption law that will create a significantly tougher regime, according to local press reports. The cabinet signed off on the proposals for a Prevention of Corruption (Amendment) Bill on 29 April.

01 May 2015

More countries threatening criminal probes into tax evasion

India and Israel are threatening to launch criminal investigations into the alleged use of Swiss bank accounts for tax evasion. FINMA, Switzerland’s Financial Markets and Supervisory Authority, said in its annual report that: “Germany, France, Belgium and Argentina have followed the US in launching high-profile criminal investigations, while Israel and India are threatening to do so.

08 April 2015

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