Under US law, particularly in cases involving multiple counts of conspiracy, securities fraud, wire fraud, and obstruction of justice, legal proceedings typically begin with an indictment, formally charging the defendants with the alleged crimes.
Under US law, particularly the FCPA, an indictment of this nature constitutes a serious offence, potentially leading to severe consequences such as arrest, monetary penalties, and custodial sentences.
The FCPA explicitly prohibits the payment of bribes to foreign officials to obtain or retain business advantages, and its extraterritorial reach allows for the prosecution of foreign nationals if their actions have a demonstrable connection to US commerce or financial systems.
This story is from the November 22, 2024 edition of Business Standard.
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This story is from the November 22, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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