In a bold move against global corruption, US authorities have hit major American companies like Moog Inc., Oracle Corporation, and Albemarle Corporation with massive fines. These companies were caught bribing Indian officials and entities such as Hindustan Aeronautics Limited (HAL), Indian Railways, and Indian Oil Corporation (IOC). The fines imposed by US authorities were more than 300% of the bribes paid—a clear message to the corporate world that corruption comes at a high cost.
Here’...