Is Corruption Making It Tough For MNCs To Do Business In India?

Bangalore: Is doing business in India without taking active participation in corruption next to impossible? The question is popping up as MNC in India are finding it hard to cope with the norms.

The recent top management alterations have made for vicarious reading pleasure for many. Eyes were raised when the news broke that suspended CFO of Bharti Walmart, Pankaj Madan, surprisingly returned to the Indian telecom giants operations, Bharti Airtel, reports Suman Layakof Economic Times. Again globally, German engineering and electronics multinational also witnessed similar kind of change. CEO Peter Loescher was replaced by CFO Joe Kaesar.

It is suspected that there is connection between two as the U.S. Securities and Exchange Commission (SEC) is very much eager to enforce the American law called Foreign Corrupt Practices Act (FCPA).

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