search query: @indexterm ACCOUNTABILITY / total: 184
reference: 109 / 184
Author: | Kripalani, M. |
Title: | Sweeping away sleaze on the subcontinent |
Journal: | Business Week
1996 : DEC 2, VOL. 3488:818, p. 22-24 |
Index terms: | ECONOMICS INDIA ACCOUNTABILITY |
Language: | eng |
Abstract: | In 1992 at an investment conference in Chicago, speaker K. L. Chugh, chairman of Indian Tobacco Co., was hailed by the crowd as an Indian hero and ITC as a much-admired Indian corporation. A U.S. magazine even named Chugh its international Manager of the Year in 1994. But on October 31, his admirers were shocked: in a dramatic midnight swoop investigators arrested Chugh and sent him to calcutta's colonial-era Presidency jail. He is awaiting trial, accused of siphoning off at least $100 million of ITC funds and stashing them in Swiss bank accounts over the last two years. |
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