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US firms bribe Indian Railways, HAL for contracts; fined 300% of bribes by US: Report
short by Ashley Paul / on Tuesday, 17 December, 2024
Multiple US firms bribed Indian entities like Railways to get contracts and were later fined over 300% of the bribe amount by US, The Pioneer reported. Moog was fined $1.7 million over $500,000 bribes to HAL and Railways while Oracle was fined $23 million for $6.8-million bribes to Railways. Albemarle was fined over $197 million for $63.5-million bribes to IOCL.
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