Showing posts with label foreign companies. Show all posts
Showing posts with label foreign companies. Show all posts

Tuesday, July 21, 2015

Foreign Companies, Desi Agents and Government Officials: Modus operandi of bribing bureaucrats to procure contracts

BRIBING of Indian government officials by foreign companies has come to the fore once again after the US Justice Department said last week that New Jersey-based construction management company Louis Berger International Inc (LBI) bribed officials in India and a few other countries to secure government contracts that included water projects in Goa and Guwahati. The total bribe paid in August 2010 for securing the Goa project alone amounted to USD 9,76,630 (Rs 6.2 crore according to current exchange rate). But what was the modus operandi deployed in bribing officials? According to the ruling of the United States district court of New Jersey, (USA Vs Louis Berger International Inc Criminal Complaint Mag. No. 15-3624, MF), the company concerned "did create...