Monday, October 31, 2011
Of late, any news about the corruption in public life in India is drawing much attention. Hitherto, most of us had resigned to our fates and consoled ourselves believing that the institutionalized form of corruption is here to stay and the so called intelligentsia can not do much about it. Thanks to people like Anna Hazare, Vinod Rai, Julian Assange and innumerable functionaries in various places like the judiciary, our pessimism is gradually waning like snow in the sunshine.
What is probably desired in India is perhaps not to introduce new laws but the implementation of the existing laws with a heavy hand to ensure punitive action. Of course, many modifications in existing laws may be required for this.
Last week, the hedge fund tycoon Raj Rajaratnam of the Galleon Group who was convicted by a court in US for 11 years in prison was also made to pay 63 Million US Dollars as penalties.
There are additional civil penalties of US Dollar 97 Million also being claimed from him by the US Securities and Exchange Commission. Personally, I feel that similar penalties being charged on corrupt persons should be the order of the day so that ill- gotten money can be best controlled.
It is very amusing to read about bails being granted to corrupt officials who have amassed millions of rupees by executing bonds of a few thousands of rupees. The news pertaining to a very corrupt couple in the IAS is a case in point.
Anybody making ill-gotten wealth should realize that neither can he enjoy the funds thus created nor can he breathe fresh air outside the prison if he makes money by corrupt methods. His wealth though invested in the names of family members should be confiscated by the exchequer with which much developmental work can be undertaken. Justice delayed tantamount to justice denied and hence the wheel of justice has to roll faster.
Let the government take a leaf out of the above example of US judicial system and come out with a Lokpal bill which should be welcomed by all except the corrupt people in our public life.
My friend Jens Nordlunde, a Dane by birth and settled in Switzerland recently wrote to me,
“I once read that, although corruption is almost unknown in Denmark, that in the 17th and 18th century it was widely spread. The government made a law punishing corruption harshly, but they also made sure that people not corrupted enforced this law.
It is a very difficult problem to solve – but most important to solve it, for the people and for the country. “
I cannot agree with him more.
31st October 2011.