Region: India

Croatia signs FATCA agreement, while India stalls

Croatia and the US have signed an agreement to share tax information with one another, according to local news reports.

23 March 2015

Court summons former Indian PM in corruption case

An Indian court has summoned the country’s former prime minister, Manmohan Singh, over a corruption scandal involving the allocation of coal-mining licences.

12 March 2015

Corporate espionage scandal sparks investigations in India

At least two Indian energy companies have launched internal investigations after being linked to the theft of information from India’s government.

04 March 2015

GIR's tax investigation roundup

German prosecutors are investigating Commerzbank over allegations that it helped clients evade tax through its Luxembourg subsidiary. German newspaper Süddeutsche Zeitung first reported today that prosecutors raided the bank’s Frankfurt offices.

25 February 2015

Indian securities regulator clamps down on tax evasion

The Securities and Exchange Board of India (SEBI) has imposed trading restrictions on 33 entities as part of its crackdown on companies using the stock market to evade tax.

24 February 2015

Former assistant US attorney joins Kobre & Kim

Vasu Muthyala has left O’Melveny & Myers to join Kobre & Kim.

19 February 2015

SFO investigating Alstom in Hungary

The UK’s Serious Fraud Office (SFO) is investigating whether Alstom subsidiaries committed criminal offences in Hungary, which may lead to a third UK court case against the company.

29 January 2015

India could boost tax evasion prison sentences

India’s Central Board of Direct Taxes has suggested creating jail sentences for individuals that confess to tax evasion, the Times of India reports. Evaders are currently able to avoid imprisonment if they admit wrongdoing and pay back taxes and penalties.

22 January 2015

SFO charges fourth Alstom suspect

The UK’s Serious Fraud Office (SFO) has charged former Alstom director Graham Hill with corruption on 15 January. Hill is the fourth person to face SFO corruption charges linked to Alstom. He is represented by Matthew Frankland at Byrne and Partners in London, who told Bloomberg that his client “strenuously denies any wrongdoing”.

15 January 2015

Yara executives deny Norwegian foreign bribery charges

Four former executives of Norwegian chemical company Yara, including former chief executive Thorleif Enger, pleaded not guilty to foreign bribery charges in Oslo’s District Court on 5 January, according to Agence France Presse.

06 January 2015

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