India

India (/ˈɪndiə/), officially the Republic of India (Bharat Ganrajya), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the south-west, and the Bay of Bengal on the south-east, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north-east; and Burma and Bangladesh to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; in addition, India's Andaman and Nicobar Islands share a maritime border with Thailand and Indonesia.
Posts about India
  • Is Outsourcing a Dirty Word for Mortgage Underwriters?

    … outsourcing quality control work to the Virgin Islands. To be clear, outsourcing isn’t illegal. But a company can’t escape its obligations under HUD rules simply by transferring work to a different company or country. In the Allied case, witnesses said that when questioned about Allied’s QC processes, some folks in the Virgin Islands didn’t even know…

    Due Diligence- 12 readers -
  • SEC Fines Anheuser Busch for Trying to Impede FCPA Whistleblower

    … to make illegal payments to Indian government officials. The company paid the bribes in the hopes of increasing both production and beer sales in India. Although most people immediately think of bribery when they hear the term FCPA, the law has a second goal of making sure that companies keep adequate books and records. By not having proper…

    Due Diligence- 20 readers -
  • More Blood on the Hands of Big Pharma?

    … rep for Abbott in India. The pressures leading up to his tragic death are just as true in the United States, however. Pharmaceutical companies have developed some pretty sophisticated methods to hide their criminal conduct. You won’t see Awasthi’s U.S. counterparts walk into a doctor’s office with a bag full of cash. But football tickets? gift…

    Due Diligence- 15 readers -
  • One Hundred Million Unsafe Prescription Drugs – Whistleblower Post

    … to this number the millions of pills and injectable drugs that are dispensed each year in the U.S. that are adulterated, contaminated, under potency or over strength. Eighty – five percent of the prescriptions dispensed in the United States are manufactured outside the country and many of those are made in India and China, two countries with notoriously…

    Due Diligence- 14 readers -
  • Judge to Company – “Don’t Sue Whistleblower for Taking Documents”

    … and thereafter you will not use for yourself or disclose to any other person not employed by the company any confidential information…” The agreement also said that he would not take or copy any company documents. As time went on, Matt learned that much of the cardiac monitoring was being outsourced to “technicians” in India. He says that some of these…

    Due Diligence- 19 readers -
  • Panama Papers… Who is Next (IRS Whistleblower Post)

    … released on April 3rd, that news is now old. We are looking for whistleblowers to identify the next Mossack Fonseca. It may be another law firm, an intermediary, a planning firm or even a bank. And it could be anywhere in the world. (We suspect the next big disclosure will come from Panama, the British Virgin Islands, the Caymans, India…

    Due Diligence- 20 readers -
  • Activist Takes on Mislabeled Pharmaceuticals

    …. Lipitor is a well known cholesterol lowering medication made by Pfizer. Shortly after Pfizer’s drug patent expired in 2011, generic atorvastatin began showing up in the U.S. marketplace. Much of it coming from India and a company called Apotex. Although headquartered in Canada, Apotex manufacturers in India. Unfortunately for consumers, Apotex has…

    Due Diligence- 15 readers -
  • Whistleblower Award for Anti Dumping (Smuggling) Info

    … and avoiding customs duties, Ameri-Source was able to undercut its competitors. GES claimed that Ameri-Source created a phony shell company in India. The electrodes were then shipped from China to India and then to the United States. Shopping manifests failed to show China as the country of origin. The company was ordered to pay a criminal fine…

    Due Diligence- 29 readers -
  • Whistleblower Gives Money to Charity

    … a False Claims Act or other claim. If a whistleblower really was only interested in the award, he or she would not risk their job and reputation by standing up to management and trying to fix problems internally. With this in mind, we were not surprised when we learned that a whistleblower in India turned down a $30,000 award and instead gave the money…

    Due Diligence- 8 readers -
  • Counterfeit Drugs Lead to False Claims Act Recovery

    … are a growing problem in the United States. Approximately 80% to 85% of all prescription medications sold in the United States are now manufactured offshore. Much of that offshore manufacturing centers in India and China where quality control problems are common. According to the government, Dr. Bangalore was dispensing Altuzan, a drug not approved…

    Due Diligence- 37 readers -
  • Selling Goods Internationally and Strange Coincidences

    … in that afternoon’s blog post. The lawyer contacted me regarding a case he’s working on and wanted to get the input of someone experienced in international commercial law. Here’s a bit of the background: Client, a U.S. buyer, purchases goods from a seller in India. There’s no formal contract, just sort of a handshake agreement between…

    Stephen Hoffman/ Hoffman Law Office, P.C.- 11 readers -
  • Whistleblower Alert! Investigating cGMP Violations at Emcure

    … the FDA says that Emcure’s plant in Hinjewadi, India failed to meet current good manufacturing practices or cGMP. These are minimum standards the FDA imposes on manufacturers to insure drug quality, safety and purity. An import ban or cGMP violation alone is probably not enough to bring a whistleblower action under the federal False Claims Act…

    Due Diligence- 17 readers -
  • India Signs FATCA Agreement With US

    … Post by Veronica Pamoukaghlian, Senior Tax Writer India is the latest country to sign an agreement with the US under FATCA (the Foreign Account Tax Compliance Act). The implications of the treaty on the international tax landscape are vast, as it will heavily affect thousands of taxpayers and numerous financial institutions at two of the world…

    Due Diligence- 16 readers -
  • Two More Swiss Banks… FBAR Post

    … Are there any Swiss banks that haven’t agreed to cooperate with the IRS? Probably not! The push to find unreported foreign accounts began in 2009 with the deferred prosecution of Swiss banking giant, UBS. Bradley Birkenfeld, a former UBS private banker, blew the whistle on his former employer and promptly earned a $104 million whistleblower…

    Due Diligence- 13 readers -
  • Bank Linth and Bank Sparhafen Cooperate with IRS

    … is safe. If you have unreported accounts, the IRS will find you. Switzerland, Bahamas, India, Liechtenstein, Israel… the IRS is looking everywhere. Ditto no matter what the size of the bank or financial institution. The IRS has amnesty options including a Streamlined Reporting program and an Offshore Voluntary Disclosure Program. Assuming you can…

    Due Diligence- 37 readers -
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