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Bring private firms under anti-graft law: Rajya Sabha panel

Posted by: 2016-08-13 06:40:12 , By Mr. Raj Kumar

A Parliamentary committee has recommended criminalisation of bribery in the private sector by bringing corporates and their executives under the ambit of a proposed anti-corruption law. It has recommended a maximum jail term of seven years along with a fine, and has also sought punishment for bribe givers. Corruption in private sector is not covered under any existing law in the country.
The Select Committee of Rajya Sabha on Prevention of Corruption (Amendment) Bill, 2013, has, however, rejected the government?s proposal to include NGOs in the jurisdiction of the proposed law and has also exempted ?charitable services?. The report of the panel that examined 19 Sections proposed to be amended in Prevention of Corruption Act, 1988, was submitted Friday.

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