Corruption was splattered on the faces of IBM, NCR 
and Hitachi, when a 20 page verdict was handed down by an Intermediate Court in Beijing last month. The three large multinationals were named and identified as having pai bribes to the now former Head of China Construction Bank – Zhang Enzhao in the form of highly luxurious gift s accounting to more than $500,000. This transaction though happened through a Chinese contact named Zou Jianhua. The motive of the bribe was aimed at acquiring Chinese contracts for providing IT services. Though Zhang Enzhao was sentenced to 15 years of imprisonment, interestingly, none of the companies were charged with any crime.
For Complete IIPM Article, Click on IIPM Article
and Hitachi, when a 20 page verdict was handed down by an Intermediate Court in Beijing last month. The three large multinationals were named and identified as having pai bribes to the now former Head of China Construction Bank – Zhang Enzhao in the form of highly luxurious gift s accounting to more than $500,000. This transaction though happened through a Chinese contact named Zou Jianhua. The motive of the bribe was aimed at acquiring Chinese contracts for providing IT services. Though Zhang Enzhao was sentenced to 15 years of imprisonment, interestingly, none of the companies were charged with any crime.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2006
An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative
Also Read:-
INDO-AFGHAN TIES
IIPM Students Life > Campus Placement
About IIPM > Mission
http://pankajsir.42tales.com/
No comments:
Post a Comment