Many in the US and other countries, foreign to India, have been following the recent movement in India led by Anna Hazare and others with awe. Their effort to have the Jan Lokpal Bill implemented in India has taken on a seriousness that has been lacking for over 50 years.
I found some friends lauding the effort and commending the solidarity demostrated by Indians within a short period of time. Most participated as mere spectators with the understanding that what was happening in India did not affect them.
I believe corruption in any country affects every paerson.
Recently, former KBR Chief Executive Officer Albert Jack Stanley pleaded guilty in a Houston court to charges of bribery in Nigeria followed by a UK Lawyer who was involved in the deal.
According to an article in Bloomberg, two of KBR’s three partners in the venture have made deals to avoid U.S. prosecution. Snamprogetti Netherlands BV, a Dutch engineering firm, agreed in July to pay $365 million to settle criminal and civil charges. Technip, Europe's second-largest oilfield-services provider, agreed in June to pay $338 million to resolve all allegations it faced over the Nigerian scheme.
In the 2010 audit list on World Corruption by http://www.worldaudit.org/ India stood at 70 with New Zealand, Denmark and Singapore at 1 and Somalia at 149. It is unfortunate that India is a country regarded as a possible global economic leader ranked so high in this list.
It follows that whether one is an Indian, living in India or in a foriegn country or a citizen of any other country transacting business with India, you are affected by corrupt practises in India. YOU cannot transact business with or in India without breaking the laws of your own country. In the United States, the Foriegn Corrupt Pracrtices Act govern such acts: http://www.justice.gov/criminal/fraud/fcpa/
Should not one question why an American company should have a challenge conducting business in India while an Indian company has no similar challenges. As a nation, every American, irresepective of their ethnicity should join behind Anna Hazare as the eradication of corruption will level the playing field to transact business in India.
For more information about the Jan Lokpal Bill, visit: http://www.ndtv.com/article/india/what-is-the-jan-lokpal-bill-why-it-s-important-96600
I found some friends lauding the effort and commending the solidarity demostrated by Indians within a short period of time. Most participated as mere spectators with the understanding that what was happening in India did not affect them.
I believe corruption in any country affects every paerson.
Recently, former KBR Chief Executive Officer Albert Jack Stanley pleaded guilty in a Houston court to charges of bribery in Nigeria followed by a UK Lawyer who was involved in the deal.
According to an article in Bloomberg, two of KBR’s three partners in the venture have made deals to avoid U.S. prosecution. Snamprogetti Netherlands BV, a Dutch engineering firm, agreed in July to pay $365 million to settle criminal and civil charges. Technip, Europe's second-largest oilfield-services provider, agreed in June to pay $338 million to resolve all allegations it faced over the Nigerian scheme.
In the 2010 audit list on World Corruption by http://www.worldaudit.org/ India stood at 70 with New Zealand, Denmark and Singapore at 1 and Somalia at 149. It is unfortunate that India is a country regarded as a possible global economic leader ranked so high in this list.
It follows that whether one is an Indian, living in India or in a foriegn country or a citizen of any other country transacting business with India, you are affected by corrupt practises in India. YOU cannot transact business with or in India without breaking the laws of your own country. In the United States, the Foriegn Corrupt Pracrtices Act govern such acts: http://www.justice.gov/criminal/fraud/fcpa/
Should not one question why an American company should have a challenge conducting business in India while an Indian company has no similar challenges. As a nation, every American, irresepective of their ethnicity should join behind Anna Hazare as the eradication of corruption will level the playing field to transact business in India.
For more information about the Jan Lokpal Bill, visit: http://www.ndtv.com/article/india/what-is-the-jan-lokpal-bill-why-it-s-important-96600
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