A parliamentary committee has recommended that it be made mandatory for corporates to have a proper anti-graft system in place.The bill proposes a jail term of up to seven years for any private individual, corporate or a member of the NGO who tries to bribe a public servant Signaling a strong consensus in the political class on making corporates and non-governmental organisations more accountable for acts of corruption, a parliamentary committee has recommended making bribe giving an offence under the Prevention of Corruption (PC) Act. The select committee studying the Prevention of Corruption (Amendment) Bill, 2013 and further amendments circulated by the government last year, has recommended that it be made mandatory for corporates to have a proper anti-graft system in place that deters their employees from indulging in corrupt practices.
Source: Times of India, IMA news Dr.SS…
