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ITC - The FERA Violation Story
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. |
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Issuess
The case is structured to achieve the following teaching objectives:
- Corporate governance structure and causes that led to unethical behavior in a large company engaged in international business
| Contents |
| ITC in Trouble |
| Background Note |
| The Allegations |
| FERA Violations |
| The Aftermath - Setting Things Right |
| Exhibits |
Keywords
Bukhara,tobacco procurement,cigarette business,Bhadrachalam, marine products,FERA, tobacco, ITC,1990,dubious international trading deals, ITC, Chitalias, Enforcement, directorate, ITC executives, excise duty evasion, share price manipulation, corporate image