As per reports, it has been revealed that commercial- information provider Dun & Bradstreet Corp. ( DNB) has announced that it has been completely supporting the local investigation group, which suspects that they have violated the U. S. Foreign Corrupt Practices Act.
They have also announced that they have decided to temporarily suspend a China-based business as they want to investigate that whether their employees have violated the U. S. Foreign Corrupt Practices Act. DNB has been providing all the important information to U. S. Justice Department as well as to U. S. Securities and Exchange Commission.
A spokesman for the Shanghai police admitted that such kind of investigations are going on, but refused to reveal further information. Wendy Wysong, who is a foreign legal consultant at Clifford Chance in Hong Kong, was of the view, "Very often, as appears here, as a result of internal investigations of other types of non-compliant conduct, possible corrupt conduct is also discovered”.
She further affirmed that it has been witnessed that alleged bribery cases in China have been increasing at a significant rate. None of the countries in the world has witnessed such a rise in the bribery cases as it has been seen in China. One of the other companies, which has been accused for the same crime, is IBM.
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