300% Penalties: US Firms Paid Millions To Escape Jail After Bribing Indian Officials

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’s how these companies got tangled in corruption and how it all unfolded:

Moog Inc: Bribing HAL and Railways for Big Deals

Moog Inc., a US-based research and design company, was found guilty of bribing Indian officials to secure lucrative contracts. The company’s Indian subsidiary, Moog Motion Controls Private Limited (MMCPL), paid over half a million dollars in bribes to officials from HAL and South Central Railway.

What’s shocking is how they tried to hide it. These bribes were recorde...