Team Anna Successfully Blocked the People from Questioning the Fountainhead of Corruption..."Capital" --------------------------------------------------------------------------------------------------------------------------------------------------------
The JLP Bill covers all political & bureaucratic corruption , states & center , under one unified agency is empowered to investigate , prosecute & punish all within 2 years , proposes the same set of rules for the Lok Pal & Ayukt for uniform delivery of justice , also includes includes the now exempted judiciary & the corrupt MPs & any one involved including the biggest of corporate as in 2G to the smallest of NREGA contractors . It is precisely because the JLP Bill so effectively focuses on the type of corruption that a common man faces daily that it is getting over 80% support in every survey & poll . So much so that Congress party that has been seen openly opposing the bill tooth & nail , through mostly foul & unethical means has lost 1/3 of its electoral support if you go by recent the poll shown on Star TV. The other political parties have left the dirty job of taking on the JLP Bill & Team Anna to Congress for obvious reasons. They do not want to get hurt. Take the case of 2G scam , had the JLP Bill been in force , the Ambani's & the Essars would be examined too so corporate corruption where a mister or public servant is involved is covered very well . The bill will examine all corporate employees from directors down to peons if needed . The other famous LP Bill , Aruna Roy's version splits the higher & lower bureaucracy . Take the case of Karnataka & Andhra Mining scam , the chief minsters of two states and almost 2000 state employees right up to those manning the toll gates & barriers are involved . It would be clear to any one that a single agency & same laws for the Lok Pal & Lok Ayukt in both states would be the only fair & effective solution. Would save both time & money . Every one would face the same judicial process , same crime ...same punishment no matter which state government the person serves . This is a cross border crime involving two states ...should there be different punishment for the same crime by state government employees of Karnataka & Andhra because of the Lok Ayukt Acts differ ? The IT department & the current CBI anti-corruption wing are mandated to investigate just about any citizen any where in India & NRIs too ? Why the big noise about a Super Big Brother here ? What may slip thru the JLP Bill is if two corpoates or their directors engage in corruption with each other which they often do , misuse of IPO money , mergers & acquisitions , sale & purchase of assets , corruption in awarding contracts & purchases , price rigging & insider trading with the help of broker offer scope for big corruption . Siphoning off of funds & profits by promoters & directors for personal use thru various means is the big story here . As happened with Satyam . This is directly a matter for the shareholders as they are the owners of the companies & they are the ones directly affected . We have a specialist body called SEBI that looks after share holder's interests & stock markets . We have Company Law Board too that can look in to corporate frauds . We have a Competition Commission too which has recently imposed a penalty of a few hundred crores on DLF for anti-consumer practices. For minor corporate fraud against consumers we have Consumer Courts . The auditors of the company are the people who should be uncovering these frauds & SEBI & CLB taking immediate & effective cognizance . The auditors are on company payroll . The industry association of accountants , brokers , company secretaries knows all this does nothing in the name of self regulation . Self regulation or self policing fails every where , be it judges , accountants , doctors or media. There is a big clamour that nothing happens even when the auditors uncover corporate fraud ...no cases are filed on the basis of their reports. In case of Satyam the auditors even failed to do their duty.. identify fraud. And SEBI & CLB are like our CBI , CVC & IB they only see what the powers to be want them to see . Here too we have a few shareholder's associations fighting an uneven battle. Talk to them , they will give you very good practical advise on corporate corruption. The solution is to make these bodies more effective & independent of government control like the JLP . There should be a corporate whistle blowers bill as employees know what is happening within. You need to reward & protect them. The other is too bring the anti-corruption & fraud wings of these bodies under Lok Pal . As we have people already busy curtailing the powers of the JLP Bill on various pretexts , am not sure this corporate thing will reach beyond talk stage. -- You received this message because you are subscribed to the Google Groups "humanrights movement" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/humanrights-movement?hl=en.
