The Prevention of Corruption (Amendment) Bill, being pushed by the Narendra Modi government with an aim to curb corruption is having its intended effect. Many companies who earlier would push the blame when caught in corrupt practices on middle-men are now scared as they could be implicated in such cases.
According to a recent report by Deloitte—Complying with the proposed amendments to the Prevention of Corruption Bill 2013—companies are ascertaining their preparedness to tackle bribery and corrupt practices.
Companies are now devising a programme to comply with the proposed provisions of the bill the report stated. Before the introduction of the bill in the Lok Sabha many Indian companies did not fear enforcement action while engaging in interactions with government officials or public servants, the report states. Whenever there would be allegations of bribery and corrupt practices, companies would pass on the blame to the intermediaries and the third parties and distance themselves from the act.
The original article can be found at economictimes.indiatimes.com