Corruption
Credit Suisse charged under Foreign Corrupt Practices Act
Bribes are evolving with the new era. Politicians and decision makers are becoming smarter and they are adopting to new ways of bribing. According to order passed by Securities...
Corruption
Société Générale fined $860 Million for bribes in Libya
Société Générale S.A. (SocGen), a global financial services institution based in Paris, France, and its wholly owned subsidiary, SGA Société Générale Acceptance N.V., have...
Corruption
Panasonic Subsidiary fined $137 Million for alleged bribery charges
The consultants, which did little or no actual consulting work for Panasonic Avaionics (PAC), a wholly owned subsidiary of Panasonic Corporation, were retained through...
Corruption
Dun & Bradstreet to pay $9 million FCPA fine
D&B managed its global operations through various international segments, which included regional management in Europe, Canada, Asia Pacific, and Latin America. D&B’s Asia Pacific...
Corruption
Transport Logistics International Inc. Agrees to Pay $2 Million Penalty
TLI conspired with others to corruptly pay more than $1.7 million to offshore bank accounts associated with shell companies, at the direction of, and...
Corruption
Global Icons who Laundered proceeds of corruption
According to a first of its kind report on ‘Ascertaining size of corruption in India with respect to money laundering’, an individual spent over...
Walmart
Clarification of Bharti-Walmart on Lobbying expenses
Bharti Walmart has denied reports that the retail giant pressed U.S. lawmakers to help gain access to foreign markets.
The allegation that a routine US...
Global Roundup
The Walmart Story – Exposing lacunae in retail policies
In my last article, Read: Flipkart being investigated for FDI Violation I covered the way Flipkart could be flouting the FDI norms. This piece of...
CFAP Experiences
Whistleblowing allegations against President of the NGO
Sometimes the CFAPs are called to work on the forensic accounting projects in the NGO sector. While i was talking to a friend who...
Corruption
Opening the swiss bank account – Truth or Myth
Swiss bank accounts have always been a topic of curiosity and discussion, especially in India. People wonder why some individuals, including Indians, choose to...
Corruption
Incorporation of Swiss Company
After the expose of Arvind Kejriwal about the Swiss banking system and its ease of opening the accounts we found that a lot of...