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An enormous political situation in India at current is the Adani Group and the case in opposition to it in America on the fees of bribing Indian government officers, however not solely Adani Group, ABP News investigation has revealed that in the final 5 years, America has given a complete of 6 Fines value 1000’s of crores of rupees have been recovered from massive companies for bribing Indian government officers, of which 5 are American companies and one is a British firm. From the 12 months 2019 to the 12 months 2024, America has recovered a complete quantity of greater than Rs 1,634 crore in instances of bribing Indian officers beneath the Foreign Corrupt Practices Act.
The names of the six companies from which America has recovered fines in instances of bribing Indian officers are Oracle Corporation, Cognizant Technology Solutions, Beam Suntory Inc., Albemarle Corporation, WPP PLC and Moog Inc. Let us let you know that the places of work of all these companies are additionally positioned in India.
Total superb of Rs 883 crore collected from Albemarle
Let’s begin with the American firm Albemarle Corporation. It is a number one chemical and lithium producing firm and in India, this firm used to provide catalyst to the government PSU Indian Oil. According to the paperwork of America’s Securities and Exchange Commission (SEC) obtainable with ABP News, this firm had paid a bribe of greater than Rs 22 crore 51 lakh to Indian officers to get and proceed the contract in India, whose deal with is When the US government grew to become conscious, a case was registered in opposition to the firm in the US and in the 12 months 2023, the US government collected a complete superb of Rs 883 crore from Albemarle.
According to the paperwork of the US government, Albemarle Corporation had carried out the bribery scandal in India between 2009 and 2015 and in the bribery scandal, this firm had proven the bribe quantity by way of pretend payments.
The superb quantity was determined between the US government and the American firm.
Similarly, this 12 months, in October, only a few days earlier than the case was registered in opposition to Adani Group, the superb quantity was determined between the US government and the American firm Moog Inc. According to the US government, the American firm Moog Inc, on behalf of its Indian department Moog Motion Controls Private Limited (MMCPL), had given a bribe of greater than Rs 4 crore to the officers of Railways and HAL in India, after which this American firm filed a authorized motion this 12 months. To keep away from motion, greater than Rs 14 crore 45 lakh has been paid to the American government. According to SEC paperwork, Moog Inc had carried out the bribery scandal in India from 2011 to 2014.
Bribes got to government officers in India for licenses
The subsequent firm in the matter of bribing government officers in India and paying superb in America is liquor manufacturing firm Beam Suntory Inc. According to SEC paperwork, a complete bribe of greater than Rs 17 crore 16 lakh was given to government officers in India for the license, after which Beam Suntory Inc paid Rs 166 crore to the US government in the 12 months 2020 to keep away from authorized motion on bribery fees. Had paid a superb of greater than Rs 96 lakh. Beam Suntory Inc had carried out the bribery scandal from 2006 to 2012.
30 crores got for approval of infrastructure initiatives
Apart from these three American companies, an enormous identify comes from the American IT firm Cognizant Technology Solutions, which in line with the SEC of the American government, had given a bribe of greater than Rs 30 crore to the government officers in India for the approval of its IT infrastructure initiatives, after which the American Accepting the government’s allegations, a superb of greater than Rs 212 crore was paid to the US government in the 12 months 2019. Cognizant purchased bribes from government officers between 2013 and 2016.
195 crore 50 lakh rupees got to the American government
Similarly, in line with the SEC paperwork, one other American IT firm Oracle Corporation had given a bribe of greater than Rs 3 crore 25 lakh to government officers in the 12 months 2019 to get contracts in India and after accepting this bribery, Oracle bought a complete of Rs. The American government needed to pay a superb of greater than Rs 195 crore 50 lakh.
According to statistics, in the final 5 years, American companies have accepted fees in instances of bribing government officers in India and paid a complete superb of greater than Rs 1,471 crore. Also, bribery value Rs 76.92 crore has come to mild to Indian government officers.
The American government had accused the British firm
Apart from the American firm, British promoting firm WPP PLC can be amongst these companies which have paid superb to the US government in the final 5 years on fees of bribing Indian government officers. According to the paperwork obtainable with ABP News, the American government had accused the British firm WPP PLC that this firm has given a bribe of greater than 8 crore 30 lakhs to the government officers for government promoting in India. After which WPP accepted the bribery allegations of the US government and paid a complete superb of Rs 161 crore 69 lakh to the US government in the 12 months 2021.
Fine of greater than Rs 1,634 recovered for bribing government officers
That is, in whole, in the final 5 years, America has collected a superb of greater than Rs 1,634 crore from 6 massive companies of the world for bribing government officers in India, whereas these 6 companies have paid a complete of Rs 85 crore to the government officers of India. SEC has made public the instances of bribe giving of greater than Rs.
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