Saturday, July 25, 2015

Corrupt practices: Louis Berger’s airport assignments under government’s scanner

MUMBAI: Louis Berger International Inc's involvement as consultant on airport projects in Navi Mumbai and Goa has come under the government's scanner following its admission to US authorities that employees paid bribes to officials in order to win contracts in India. The company told ET that the allegations of wrongdoing only pertained to water projects in Goa and Guwahati.
The New Jersey-based construction management company admitted to violations of the Foreign Corrupt Practices Act (FCPA), the US Department of Justice said last week. It will pay $17.1 million as penalty for bribing officials in Indonesia, Vietnam and Kuwait, apart from India.
25/07/15 Anirban Chowdhury,ET Bureau/The Economic Times
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