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USA News: Three American companies have reportedly paid a huge fine of $225 million (about Rs 1900 crore) to avoid punishment after being accused of bribing Indian officials. Three companies, Moog Corporation, Oracle, and Albemarle Corporation, were accused of bribing officials of various Indian departments and government companies, including the Railways, Hindustan Aeronautical Limited (HAL), and Indian Oil Corporation.
The three companies paid three times the fine to the US Securities and Exchange Commission (SEC) to settle the case. In such a situation, he gave an amount of about Rs 650 crore as bribe to Indian officials.
According to details provided by the US Department of Justice (DoJ), Moog Corporation has paid $16.8 million (approximately Rs 14.28 crore) to settle the case, while Oracle has paid $23 million (approximately Rs 200 crore) for the settlement. ) Has paid of. , The third company Albemarle has paid $198 million (about Rs 1683 crore).
In the first of these cases, Moog Corporation was accused of paying more than $5 lakh (approximately Rs 4.20 crore) in bribes to officials of Hindustan Aeronautics (HAL) and Indian Railways. Moog Corporation operates in the military, aerospace and industrial machinery sectors. The company designs and manufactures advanced motion control products for aerospace, defense, industrial and medical applications.
Daily Pioneer has cited US government documents that show the company, through its Indian subsidiary Moog Motion Controls Pvt Ltd (MMCPL), partnered with Hindustan Aeronautics, South Central Railways and the Research Designs and Standards Organization (RDSO) to get the contract. Had given bribe to RDSO officials. These documents reveal that an officer of Hindustan Aeronautics was allegedly given 5 percent commission. The company received contracts worth $34,323 from South Central Railway and $140 million from Hindustan Aeronautics.
In another case, IT giant Oracle was accused of paying bribes of over $6.8 million to Indian Railways officials and institutions in the United Arab Emirates (UAE) and Turkey. In this case, the company reportedly paid a fine of around $2.30 million to settle the case. In the third case, U.S. chemicals maker Albemarle was accused of paying bribes worth about $6.35 million to Indian Oil officials and companies in Indonesia and Vietnam.
According to US Department of Justice (DOJ) documents, bribes were paid for contracts with Indian Oil’s companies based in Vietnam and Indonesia. Albemarle is a major chemical supplier that has business with approximately 700 refineries around the world, including Indian Oil. Apart from this, during 2009-11 the company paid bribes of about $11.4 million to Indian officials in India.
The central government which talks about zero tolerance against corruption is silent
Surprisingly, when heavy fines were imposed on the top three companies in the US for bribing Indian government officials, the Indian government took no action. There is talk of zero tolerance against corruption in India but in reality this is a failing example of how the corrupt are being protected.
The US Justice Department (DoJ) in America has given details of how much bribe was given to an official of a government company in India.
The Indian government should seek details from the US government as to which officer took the bribe, but the Indian government is not interested. The Indian government did not even bother to pay attention to this report.
Which Indian government officials were bribed?
Hindustan Aeronautics Limited
Sudharma Central Railway
Indian Railways
Indian Oil
Research Design and Standards Organization (RDSO)