Indian bosses warn of rising corruption

In an open letter to the government, prominent business leaders, judges and economists warn of rising corruption.


Afp January 18, 2011

NEW DELHI: Rising corruption is damaging India's social fabric, prominent business leaders, judges and economists warned on Tuesday in an open letter to the government.

A series of graft scandals erupted last year, including a massive telecoms licenses scam that has undermined Prime Minister Manmohan Singh and a probe into corruption related to the Commonwealth Games.

The open letter, which made the front page of the Times of India, was signed by 14 people including Azim Premji, the founder of software giant Wipro, who is well known for his business ethics and philanthropic work.

Also among the signatories were the heads of carmaker Mahindra & Mahindra, leading conglomerate Godrej & Boyce and HDFC bank, as well as senior judges and former governor of India's central bank Bimal Jalan.

They expressed concern that India's rapid growth was being derailed by corruption, which they called "the biggest issue corroding the fabric of our nation" and one that needed to be tackled "on a war footing".

Bribes, extortion and fraud are part of everyday life in India, ranging from small "sweeteners" paid to police to avoid traffic offenses to the recent telecoms scandal that may have cost the government $40 billion in revenue.

The signatories recommended that investigative agencies be free from political interference and said that India needed "genuinely independent" regulatory bodies in addition to the courts.

They also took a swipe at the opposition for causing weeks of parliamentary deadlock by protesting over the telecoms scandal, in which second-generation mobile phone licences were sold off at bargain prices.

"It is imperative to establish ways and means, for every Indian, to feel that they have genuine equal opportunities, access to decision makers and a stake in India's progress," the letter said.

COMMENTS (13)

Zeeshan Ali | 13 years ago | Reply Its unfortunate to read such messages being posted by participants from new generation. I belong to Pakistan but I want Indian and Pakistan both to grow. The real problem in both the countries is poverty and lack of education. Once we are both able to address these issues this region will be able to grow along with China. We will all eventually be able to do trade with eachother and promote tourism among our countries. Why cant the start thinking along these lines. Why cant we all accept eachother and think along the lines of living in harmony. I hope Indian, Pakistan, China and the entire region does well and our future generations could have messages posted on positive topics discusing business, educatun and cultural exchange opportunities. I know I am being too optimistic but I would still like to be an optimistic rather than fighting like everyone else. Enough of hatred. Let peace prevail among us.
kamal | 13 years ago | Reply @Alia,I agree with you India is eight times in size of Pakistan.Hope you will remember it in future as well
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