All India articles
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ArticleStudy: Post-financial crisis fines against financial institutions hit $36B
Global fines and penalties against financial institutions hit $36 billion last year, as ramifications from the financial crisis continue to reverberate throughout the financial services industry, according to a new report.
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Article
Third Cognizant executive settles FCPA charges
A third former executive at Cognizant has settled charges with the SEC for violating the FCPA by participating in a scheme to bribe an Indian government official.
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Article
India’s garment industry put through the wringer
A recent report illustrating substantial environmental issues in India’s garment industry offers a roadmap all companies could benefit from when monitoring and auditing supply chains.
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Article
The evolving role of the financial function in India
A combination of new laws in India to address corruption and other risks is drastically changing how financial services firms operate—especially in regard to accounting—within the country.
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Blog post
India Sentences ex-Satyam CEO to 7 Years in Prison
Ramalinga Raju, former chairman and CEO of Satyam Computer Services, was found guilty in an Indian court this week and sentenced to seven years in prison for his role in “India’s Enron”—a $1 billion accounting fraud that was revealed in 2009. Raju also admitted in a letter to Satyam’s board ...
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Blog post
'Laws of the Land' Finally Catching Up to Former Satyam CEO, Part II
In July 2014, I noted here that although it had taken over five years, the wheels of justice were finally in motion against B. Ramalinga Raju, former chairman and CEO of Satyam Computer Services, as India's securities regulator had ordered Raju, his brother, and two others to disgorge $307 million. ...
