Brief by Shorts91NewsDesk / 07:32am on 12 Feb 2025,Wednesday India Global
President Donald Trump has paused enforcement of the Foreign Corrupt Practices Act (FCPA), a law restricting U.S. companies from bribing foreign officials. Trump, critical of the FCPA, believes it harms American business interests. This move follows accusations from the Biden administration against India's Adani Group for allegedly bribing officials, which the group denies. Trump’s executive order directs a review of ongoing FCPA cases. Following the pause, Adani stocks surged. U.S. Congress members also criticized the Biden administration’s pursuit, claiming it jeopardized U.S.-India relations without national security justification.
