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ARTICLE · 13 APRIL 2022

Gifts With No Strings Attached (Part II)

Bribery and corruption can take many shapes and forms in an organization. This list can be really (but not surprisingly) long. It need not be typical doling out of cash but could be in the nature...

IndiaCriminal Law

Bribery and corruption can take many shapes and forms in an organization. This list can be really (but not surprisingly) long. It need not be typical doling out of cash but could be in the nature of under or over-invoicing, facilitation payments, inflated commission payments, unauthorized rebates. It could also be non-monetary favors like giving gifts to an individual or his family members, free transport, holiday packages, discounts, employment opportunities, offering directorships, arranging boarding, extending hospitality, undertaking transactions at non-arms length. The more structured form could also be in the nature of kickbacks, political contribution, or for that matter CSR compliance adherence, spending on social causes, and giving charitable donations.

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