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World s largest firm alleged for bribing a million dollar to Indian government officials

News In Brief Business and Economy

World s largest firm alleged for bribing a million dollar to Indian government officials

world-s-largest-firm-alleged-for-bribing-a-million-dollar-to-indian-government-officials

News Synopsis

WPP, a British Multinational Company has agreed to pay the settlement fee of more than $19 million against the US Security and Exchange Commission (SEC) charged with bribery. Although the company neither denied nor accepted any of the charges, paying the fee to settle the case indicates that they might be guilty of the charges SEC had put against the company. After Amazon, this is the second case alleging a foreign company for bribing the Indian official. A subsidiary of WPP has been alleged to have paid close to a million dollars to government officials in SEC report. This issue is getting out of hand and bribing Indian officials is sounding like normal activity. The government has to investigate the culprits and stricken their policy if they really want a corruption-free India.

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