India

The Kenyan government has found Karuturi Global Ltd, the world's biggest producer of cut roses, guilty of tax evasion. This is the first time an African government has brought a large multinational company to court for transfer mispricing through a fully public process.

Nota de contexto que acompaña al boletín de prensa del 19 de abril de 2013

Background note to accompany a joint press release on the Kenyan government finding Karuturi Global Ltd guilty of tax evasion

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Sai Ramakrishna Karuturi feels a growing sense of unease these days. It stems from an email that Karuturi received on March 7. The sender wrote he had lost Rs 7 lakh by investing in Karuturi Global Ltd's shares.

Ram Karuturi mulls taking his rose-to-maize company private as its stock shows no signs of bouncing back.

The 612 Indians on the list of those who have invested in tax havens such as the British Virgin Islands include two MPs, a former royal, top industrialists and the CEO of Karuturi Global.

Hassad Food Co, the agricultural investment arm of Qatar’s sovereign wealth fund, has bought a majority stake in an Indian basmati rice company for more than $100m, it was reported on Wednesday.

BRICS states, except Russia, are enhancing and facilitating land grabs abroad in a way that is inconsistent with their proclamations of sustainable development, cooperation solidarity, and respect of national sovereignty.

Karuturi said it will borrow "hundreds of millions" of dollars from a sovereign wealth fund to invest in farming in East Africa after development banks declined to provide assistance because of “unfair” criticism by advocacy groups

It alleges that the dealings of Karuturi Global, one of India’s largest flower growers, in the African nation do not smell as sweet as what it grows

The takeover of peoples' land and water by corporations – even if they are from the global south – is a new form of colonisation, writes Anuradha Mittal.