Corruption needs the killer dose
The reputation of Indian politicians and bureaucrats on corruption is truly impeccable. In fact, Indian citizens have reason enough to assume that there are hidden skeletons in every cupboard and dark corners in every lair.
And if a person like Meera Shankar, India’s ambassador to US, attempts to speak up and throw some light, what else can we say other than “Welcome”! Meera Shankar’s diligent complaint to the PMO about huge sums of bribe paid to officials in Indian government establishments by US companies is creditworthy. The same cannot obviously be said of the silence over the letter from the PMO for eight months (curiously broken after the assembly election results came in).
Meera Shankar has cited the report filed by the US Foreign Corrupt Practices Act, which names companies that have allegedly made illegal payments to Indian officials over the years. Most shockingly, it pulls the Indian defence forces into the scrutiny as well. York International Corporation, with their products of heating, air-conditioning, and refrigeration, had paid-off $1,32,500 to Indian Navy between 2000 and 2006 to secure 215 orders. A US industrial valve manufacturing company Mario Cavino of Control Company’s Inc., has pleaded guilty of paying $1 million to electricity boards of four countries, including the Maharashtra State Electricity Board. Dow Chemicals has paid $200,000 to Nocil Crop Protection Ltd., including an illegal payment of $39,700 to the officials of Central Insecticides Board. Other cases of bribery include $11,800 to Sales Tax Officials, $3,700 to Excise officials and $1,500 to Customs officials.
The reputation of Indian politicians and bureaucrats on corruption is truly impeccable. In fact, Indian citizens have reason enough to assume that there are hidden skeletons in every cupboard and dark corners in every lair.
And if a person like Meera Shankar, India’s ambassador to US, attempts to speak up and throw some light, what else can we say other than “Welcome”! Meera Shankar’s diligent complaint to the PMO about huge sums of bribe paid to officials in Indian government establishments by US companies is creditworthy. The same cannot obviously be said of the silence over the letter from the PMO for eight months (curiously broken after the assembly election results came in).
Meera Shankar has cited the report filed by the US Foreign Corrupt Practices Act, which names companies that have allegedly made illegal payments to Indian officials over the years. Most shockingly, it pulls the Indian defence forces into the scrutiny as well. York International Corporation, with their products of heating, air-conditioning, and refrigeration, had paid-off $1,32,500 to Indian Navy between 2000 and 2006 to secure 215 orders. A US industrial valve manufacturing company Mario Cavino of Control Company’s Inc., has pleaded guilty of paying $1 million to electricity boards of four countries, including the Maharashtra State Electricity Board. Dow Chemicals has paid $200,000 to Nocil Crop Protection Ltd., including an illegal payment of $39,700 to the officials of Central Insecticides Board. Other cases of bribery include $11,800 to Sales Tax Officials, $3,700 to Excise officials and $1,500 to Customs officials.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles. An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)
