Region: India

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

Australian, Indian and Norwegian companies sucked into Petrobras probe

Brazil’s main anti-corruption authority is investigating Australian, Indian and Norwegian companies that used the same agent as Dutch oil-platform services company SBM Offshore when dealing with state-controlled oil company Petrobras, according to reports.

10 December 2014

Oracle denies MD departure linked to bribery

Software company Oracle has confirmed that the managing director of its Indian subsidiary, Sandeep Mathur, has left the company but denied that his departure had any connection to bribery allegations.

17 October 2014

Finmeccanica and AgustaWestland CEOs cleared of foreign bribery

An Italian court has found Giuseppe Orsi, the former chief executive of Finmeccanica, and Bruno Spagnolini, former chief executive of subsidiary AgustaWestland, guilty of falsifying invoices. However, they were cleared of charges that they bribed Indian officials.

09 October 2014

Indian court bails three arrested in Syndicate Bank investigation

On Saturday, a court in New Delhi granted bail to three men accused of allegedly bribing executives at Syndicate Bank, according to reports. The court allowed Bhushan Steel vice chairman and managing director Neeraj Singal, Ved Prakash of Prakash Industries and Pankaj Bansal out on bail after they were arrested in August.

29 September 2014

Lawyers puzzled by first India arrest in AgustaWestland corruption probe

Lawyers say it is surprising that the first arrest by Indian authorities in the AgustaWestland bribery probe was made under the country’s Prevention of Money Laundering Act, when the main focus of the investigation was corruption.

25 September 2014

General Cable investigating bribery concerns in four countries

Copper, aluminium and fibre-optic cable manufacturer General Cable said on 22 September that it is investigating possible bribes paid in Angola, Thailand and India. The company made the announcement in an 8-K filing with the US Securities and Exchange Commission, which is used to notify shareholders of unscheduled significant events.

24 September 2014

Rolls-Royce and Finmeccanica can bid on India defence contracts

Engineering companies including UK-based Rolls-Royce and Italy-based Finmeccanica have been given permission to bid on certain Indian defence contracts, according to reports. Both companies had been debarred from bidding on defence contracts after India's Central Bureau of Investigation (CBI) opened separate investigations of bribery allegations against them.

19 September 2014

Bail lifted for suspects in Rolls-Royce investigation

The UK’s Serious Fraud Office investigation into alleged corruption at Rolls-Royce “has hit turbulence”, according to The Sunday Times, as two men arrested in connection with the case earlier this year have had their bail lifted.

08 September 2014

CCI joins car parts club with huge fines

The Competition Commission of India has shown its hand in the sprawling global car parts investigation by fining 14 leading vehicle manufacturers 25.4 billion rupees (€318 million) for abusive practices.

28 August 2014

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