Abstract

The case examines the charges of FERA violations against tobacco major ITC in the 1990s. The case details the dubious international trading deals by ITC and its partners, the Chitalias, the Enforcement Directorate’s investigations and the arrests of ITC executives. The case also looks at charges of excise duty evasion and share price manipulation against ITC. The case ends with a discussion on the measures taken by the company to restore its corporate image in the light of the light of the various charges.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

• Corporate governance
• Unethical practices.

Keywords

FERA, tobacco, ITC,1990,dubious international trading deals, ITC, Chitalias, Enforcement, directorate, ITC executives, excise duty evasion, share price manipulation, corporate image