Daily Archives: December 9, 2014, 1:33 pm

‘Laws of the Land’ Finally Catching Up to Former Satyam CEO, Part II | Compliance Week

Yesterday, an Indian trial court sentenced Ramalinga Raju, former chairman and CEO of Satyam Computer Services, as well as his brother and three others to six months in prison and fines for their role in the massive financial fraud that is regarded as “India’s Enron.” A verdict in a second case against Raju with potentially harsher consequences is expected on…

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Most Bribes Are Paid by Large Companies, With the Blessings of Senior Management | CFO innovation ASIA

A study released by the Organization for Economic Cooperation and Development suggests that most international bribes are paid by large companies in wealthy countries, usually with the knowledge of senior management. The OECD Foreign Bribery Report analyzes more than 400 cases worldwide involving companies or individuals from the 41 signatory countries to the OECD Anti-Bribery Convention who were involved in…

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