Bails given out in the 2G spectrum retell the sordid saga of how the rich & the elite control power in India
As estimated by the CAG report, the second Generation (2G) spectrum allocation scam, the biggest recorded swindle ever in India, has cost the exchequer a mind boggling Rs.1.76 trillion. It revealed the ugly face of corruption in India bang in front of media and public glare. Interestingly, the recent turn of events on the legal front has further highlighted the main reason why this scourge in our society can only get worse.
The CBI had accused fourteen people in the scam but twelve of them have already been granted bail under certain conditions within a short span of time. Only former telecom minister A. Raja and former telecom secretary Sidharth Behura are still in prison pending trial. DMK chief Karunanidhi has shamelessly announced that the party will be looking forward to welcome his daughter Kanimozhi with a new position. Even R. K. Chandolia, former private secretary of A. Raja, was released from jail one day prior to the High Court bail order. These court decisions have led many to make the hopeless conclusion that punitive action towards corrupt politicians and bureaucrats & unethical corporates is really hard to come by in India.
A study by the Asian Development Bank concluded that the wealth of 50 Indian billionaires equals 20% of the country’s GDP. The doyens of Indian industry often come under scrutiny for their connections in the bureaucracy and the government and how they use them to their advantage.
The CBI had accused fourteen people in the scam but twelve of them have already been granted bail under certain conditions within a short span of time. Only former telecom minister A. Raja and former telecom secretary Sidharth Behura are still in prison pending trial. DMK chief Karunanidhi has shamelessly announced that the party will be looking forward to welcome his daughter Kanimozhi with a new position. Even R. K. Chandolia, former private secretary of A. Raja, was released from jail one day prior to the High Court bail order. These court decisions have led many to make the hopeless conclusion that punitive action towards corrupt politicians and bureaucrats & unethical corporates is really hard to come by in India.
A study by the Asian Development Bank concluded that the wealth of 50 Indian billionaires equals 20% of the country’s GDP. The doyens of Indian industry often come under scrutiny for their connections in the bureaucracy and the government and how they use them to their advantage.
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.
IIPM Best B School
IndiaManagement Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM's Management Consulting Arm-Planman Consulting
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
IIPM Best B School
IndiaManagement Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM's Management Consulting Arm-Planman Consulting
