Wednesday, October 28, 2009
Foreign Corrupt Practices Act
Indian Ambassador to the US Meera Shankar's recent letter to the PMO listing seven instances in which US companies (including a subsidiary of Dow Chemicals) bribed Indian officials has caused a huge stir. More interesting is how she got details -- through a US law which punishes US companies for bribing officials abroad. I wrote a newsreport on this legal framework in today's Indian Express. India of course, has no such law, has signed on to no international commitments. Still, 'pax Americana', claims the Left. Hypocritical?