Region: India

Indian solar power company self-discloses improper payments

Former executives of Azure Power were involved in a scheme to make improper payments, and certain former board members may have been aware of it, according to a recent audit by BDO.

13 November 2023

Ex-Cognizant executives’ trial scheduled for May

The trial of two Cognizant executives accused of bribing officials in India has also been assigned to a new judge.

08 November 2023

Ex-Cognizant execs’ bribery trial pushed to February as judge retires

US District Judge Kevin McNulty tentatively pushed the trial of former Cognizant executives Gordon Coburn and Steven Schwartz back to 20 February and said it would be re-assigned to a different judge.

06 October 2023

Albemarle to pay US authorities $218 million for bribery scheme

The DOJ said it gave the chemical producer a 45% discount on its fine for “substantial” cooperation and remediation of the misconduct, which included an extra $763,453 reduction for withholding bonuses from 16 employees involved in the corruption.

29 September 2023

Former Cognizant execs’ trial on hold indefinitely

A New Jersey judge ruled to put on hold the trial of two former Cognizant executives accused of bribery because a key government witness is unable to travel.

28 September 2023

DOJ asks to push Cognizant execs' bribery trial back one month

The two former Cognizant executives accused of bribery have opposed a request by prosecutors to delay the long-anticipated trial set for October.

27 September 2023

India: White-Collar Crime

Featured in The Asia-Pacific Investigations Review 2024

India, with its diverse economy and business landscape, relies on its extensive white-collar-crime laws and regulatory framework to provide a safe and reliable environment in which companies and individuals alike can function. Over the past few years, India has witnessed legislative developments aimed at addressing financial crimes, including by introducing key statutes.

18 August 2023

A look back at GIR Live: Women in Investigations

A selection of pictures from the GIR Women in Investigations conference in London on 22 June. The event, chaired by Kathryn Atkinson of Miller & Chevalier and Katrin Ivell, the global head of financial crime prevention at UBS, featured a keynote speech by OECD anti-bribery leader Daniëlle Goudriaan.

27 June 2023

Rolls-Royce and BAE Systems face criminal complaint in India

India’s main anti-corruption agency has filed a criminal complaint against UK engineering company Rolls-Royce and defence contractor BAE Systems over alleged corruption in the sale of fighter jets to the country over a decade ago.

30 May 2023

DOJ excessively relied on coercive interviews, ex-Cognizant execs say

Two former Cognizant executives facing FCPA charges are challenging the government’s close collaboration with the company in the investigation that led to the case.

20 April 2023

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