Bribe Corruption

Bribe for public contracts

"Businesses should not, directly or indirectly, offer, promise, give or solicit bribes or other improper advantages to obtain or retain a contract or other improper advantage." In its guiding principle on combating corruption, the OECD describes, in supposedly understandable terms, what every company should adhere to. That this is different in practice [...]

Subsidiary Interests Risk India

Subsidiary pursues own interests

The European parent company of an international company in the machinery and vehicle manufacturing industry notices by chance that the management of the Indian subsidiary is not acting in accordance with the interests of the parent company. With regard to tax laws, non-compliant behavior is identified. Based on these findings, a study is commissioned that identifies massive compliance violations, corruption, misuse of company property by management, nepotism and theft [...].