more-inBritish engineering giant Rolls-Royce recently agreed to pay a $809-million fine (over ₹5,500 crore) for its corrupt practices in India, Russia, China, Thailand, Nigeria and Malaysia. In October 2016, Cognizant admitted to possible violations governing anti-bribery laws of the U.S. in its operations in India. In 2012, Oracle paid a $2 million civil penalty in the U.S. to settle charges arising from a slush fund in India used to pay bribes. It is not known if India gets a share of the fine imposed under FCPA or other anti-corruption laws in developed economies. It is no more just about autonomy of anti-corruption agencies or enactment of the long-pending Lokpal act.

Source: The Hindu January 31, 2017 18:45 UTC