Adani Group, India's largest logistics and energy conglomerate, revives $10 billion U.S. investment plan amid Trump's FCPA suspension, despite ongoing legal challenges for Chairman Gautam Adani.
#YonhapInfomax #AdaniGroup #USInvestment #DonaldTrump #FCPA #GautamAdani #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=52657
On February 10, Trump issued an executive order pausing enforcement of the "Foreign Corrupt Practices Act" ( #FCPA ) for at least 180 days.
This move has sparked intense debate over whether it effectively legalizes bribery for American businesses operating overseas
—or if it simply removes what some see as unnecessary obstacles to US economic competitiveness
(by legalizing bribery for American businesses operating overseas)
https://timesofindia.indiatimes.com/world/us/bribing-legal-what-donald-trump-pausing-fcpa-means-for-american-business/articleshow/118150038.cms
Foreign government officials all over the world are preparing for the start of Shake Down an American Month, a month-long celebration of their new President Trump-endorsed right to extract bribes from Americans.
https://www.cnbc.com/2025/02/10/trump-doj-foreign-corrupt-practices-act-pause.html
Trump has pardoned Rod Blagojevich, directed the DOJ not to pursue prosecution of Eric Adams, and put an end to enforcement of the Foreign Corrupt Practices Act.
It's like he's trying to put together a Corruption All-Stars team or something.
While the US Supreme Court aggressively slashes into every US corruption law, the SEC and DOJ have all but stopped enforcing one of the remaining laws, the Foreign Corrupt Practices Act. Not a single new proceeding brought in 2Q24.
And only 11 US companies have been charged under the FCPA in the entire Biden administration, vs. 25 under Trump and 16 just in the last year of the Obama administration.
all from https://fcpa.stanford.edu/index.html
"Albemarle Corporation, a publicly-traded specialty chemicals manufacturing company headquartered in Charlotte, North Carolina, has agreed to pay more than $218M to resolve investigations by the #DOJ and #SEC into violations of the Foreign Corrupt Practices Act stemming from Albemarle’s participation in corrupt schemes to pay bribes to government officials in multiple foreign countries"
https://www.justice.gov/opa/pr/albemarle-pay-over-218m-resolve-foreign-corrupt-practices-act-investigation
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#corporations #bribery #FCPA #Albemarle
Wild. Biden's DOJ & SEC have cut Foreign Corrupt Practices Act enforcement actions in half from Trump levels. #corruption #FCPA #law #USPol https://enews.law.stanford.edu/t/r-e-tjhtdidt-bjrkydjlyj-hu/