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Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

SEC v. Srinivasan (A.T. Kearney India Bribes)

The Securities and Exchange Commission settled a civil action against Chandramowli Srinivasan, the former president of A.T. Kearney India, which was an EDS subsidiary during the time period in question. The SEC accused Srinivasan of making $720,000 in bribe payments between early 2001 and September 2003 to senior employees of Indian state-owned companies to retain their business. The SEC charged that those payments also caused EDS to maintain inaccurate books and records. Srinivasan neither admitted nor denied wrongdoing and agreed to pay a $70,000 fine. EDS sold A.T. Kearney in January 2006. See related Electronic Data Systems misconduct instance, “Accounting Irregularities.”

Misconduct Type
Securities
Enforcement Agency
SEC
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Settlement
9/25/2007
Contractors Involved Penalty
Total
Electronic Data Systems $70,000
Further Information Released
Complaint 10/3/2007
SEC Press Release 10/3/2007

See also:

Federal Contractor Misconduct Database