U.S. Foreign Corrupt Practices Act: Doing Business in India . . . The Way Forward

摘要

New York attorney ValErie Demont offers her thoughts on why so many U.S.-based companies that do business overseas are finding themselves the target of prosecution under the United States' Foreign Corrupt Practices Act. THE CASES In 2007 Dow Chemical Co., one of the world's largest chemical manufacturers, was fined for violating the Foreign Corrupt Practices Act. Dow was found to have made improper payments of about $200,000 through its Indian subsidiary to an official in India's Central Insecticides Board to expedite the registration of its products.