Last month the government of India finalized an important law that aims to add another weapon in its fight against corruption. The proposed law says that any foreign national who gives or takes bribes with Indian officials will be liable for prosecution.
Even as the law awaits formal approval from Parliament, it plugs an important gap in India’s legal framework. As India is one of the biggest importers of defence equipment, the country has seen frequent allegations of kickbacks and corruption in defence deals, especially by foreign companies and domestic middlemen. Once enacted, the law could help deter acts of corruption.
This is yet another example of India’s fight against corruption. Domestic and foreign companies operating in India complain that excessive red tape, delay in approvals and official lethargy create a perfect environment for corruption. Lack of transparency in some government processes make it difficult for companies to stay straight.
See full Article: http://forumblog.org/2013/04/laying-down-the-law-on-corruption-in-india/
Posts
