Donald Trump has brought some great news for Gautam Adani.
On February 10th, Donald Trump signed an executive order.
This order halts action on the **Foreign Corrupt Practices Act (FCPA)** for 180 days.
This law prevents American companies from bribing foreign authorities.
The primary goal of this law was to control corruption.
However, in recent years, the law has faced a lot of criticism.
Businessmen argued that this law makes it difficult for American companies to compete with foreign companies that face fewer restrictions.
Because of this, Donald Trump has suspended the enforcement of this law.
Under this suspension, the Department of Justice has also paused any actions that were planned under the FCPA.
This could be good news for Gautam Adani because the U.S. had accused the Adani Group of $250 million in bribery allegations.
However, some people believe that suspending this law could encourage bribery.
For more such current affairs, follow me!
source
[ad_1] H&F Cracks Down on Housing Fraud in the Borough FulhamSW6 [ad_2] Source link
[ad_1] Bribery, corruption: What you should know Daily Express Malaysia [ad_2] Source link
[ad_1] Public housing fraud: Organised crime or a scam? news.sky.com [ad_2] Source link
[ad_1] Hong Kong man loses HK$13 million in fake crypto investment app scam Crypto News [ad_2]…
[ad_1] Regent’s Sahed shown arrested in money laundering case Daily Observer [ad_2] Source link
[ad_1] Khadeer Khan Mohammed Office of Inspector General (.gov) [ad_2] Source link