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?

    … servicing work offshore. Most of that work goes to India and the Philippines. The rating agency Fitch has raised concerns about the industry’s offshoring practices. We share those concerns. Although all aspects of outsourcing and offshoring raise concerns, we especially worry about the latest trend of sending underwriting, loan processing and QC…

    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

    …. The problems, however, are often with the companies that produce the “API” or active pharmaceutical ingredients for these drugs. These are largely regulated by the locals and often that regulation is nonexistent. Many are drug component are produced in open air facilities located in third world countries. There are two primary causes of the huge number…

    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)

    …. Many of those companies are “nominees” or shell companies. Simply a device to park money and shield one’s identity from regulators. Owning a foreign account is not illegal in most countries including the United States. We live in such a mobile economy that many of us have businesses interests or families in other countries. Some people simply…

    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

    …. He complained that a senior official was taking rare trees for his personal garden and that contractors were illegally poaching deer and felling trees in government forests. For his efforts, he was terminated for alleged insubordination. Like whistleblowers in the United States, retaliation isn’t uncommon. For six long years, Chaturvedi fought…

    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

    … of dollars or more. Dinesh Thakur, a former manager at Indian drug manufacturer Ranbaxy, was paid $48 million for his information about adulterated drugs. Our whistleblower clients have received a total of over $100,000,000.00 within the last year. The awards are very real. To receive an award, one must have original source (inside) knowledge…

    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- 15 readers -
    Earlier about the same topic:
  • Two More Swiss Banks… FBAR Post

    … their sights on banks domiciled in other countries including the Bahamas, Caymans, India, Israel, Brazil, Luxembourg. If you have unfiled FBAR forms that are more then one-year delinquent, contact an experienced IRS tax lawyer immediately. As noted above, failure to file an FBAR may be a felony and usually always carries stiff civil penalties…

    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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