Severe action can and must be taken against a Company indulging in activities as you mention. However, prima facie, the action you can take against the organisation would depend entirely on how involved you want to get in the process.
I would like to take this opportunity to commend the stance you have taken. While most people would simply continue working for the organisation, you have realised the extent of damage such concerns cause to our society so saturated with corruption.
27th November 2012 From India , Delhi