NEW DELHI: US President Donald Trump signed an executive order pausing enforcement of a 48-year-old law, Foreign Corrupt Practices Act (FCPA), that prohibits US companies from bribing foreign government officials to get or retain business contracts.The move could potentially bring relief to Adani Group, which was indicted by the department of justice (DoJ) and US … Read more
TOI correspondent from Washington: Asserting that a 50-year old US anti-bribery act is inhibiting American global competitiveness, US President Donald Trump has paused enforcement of the law, implicitly providing relief to India’s Adani group, whose executives were being prosecuted under the law by the Biden administration. In an executive order he signed on Monday, Trump … Read more
President Donald Trump holds up a signed an executive order regarding the Foreign Corrupt Practices Act in the Oval Office at the White House, Monday, Feb. 10, 2025, in Washington. (Photo/Alex Brandon) On February 10, 2025, President Donald Trump issued an executive order pausing enforcement of the Foreign Corrupt Practices Act (FCPA) for at least … Read more