An Indian website to turn whistleblower on black money scam! Friday, April 29, 2011, 12:29
New Delhi, Apr 29: Among various scams dogging the country, the issue of black money features prominently in the list. With the Hasan Ali case giving many politicians and bureaucrats sleepless nights, the facts were validated further with Julian Assange's comments that Indians holds more black money in Swiss banks than anyone else.
After India saw the drama unfold in the streets of Delhi by anti-corruption crusaders lead by Anna Hazare, there are more anti-graft reformers who wants to bring back all the black money of Indians that have been stashed abroad. The anti-graft organisation Transparency International-India (TII) intends to operate a whistleblower website to recover crores of rupees that have been parked offshore in other tax havens. (Read: Threat lingers on Hasan Ali after Big names revealed)
The ‘Star Action Team’ consisting of lawyers, judges and bureaucrats will gain access to details of black money and post them in a website after verifying them. The facts were revealed in a press conference by the TII at the end of an anti-graft summit.
The anti-graft website will have exclusive information on assets, photographs, documents, videos, names of suspected partners and family members. It will be supported by eminent lawyers and experts who will assist the organisation in judicial backing for the cases. Anupama Jha speaking on behalf of TII said that the movement will see them liaising both Indian and foreign civil society organisations who work towards a similar goal of freedom against corruption.
The organisation also claimed that many individuals and organisations have already volunteered for the cause. The anti-graft organisation, 5th pillar is a partner in the campaign. A representative of 5th Pillar, Vijay Anand said, “The Star Action Team will uncover owners of properties, assets and the life style purchased by plundering the state(public money). It will upload evidences like details of cars and addresses of properties with documentary evidences.”
An Indian website to turn whistleblower on black money scam!
Tracking of visitors to tax havens begins
NEW DELHI: Desperate to curb the flow of black money into the country's economy, the Income Tax department has begun to track all fliers and visitors who travel to tax havens like Switzerland, the Virgin Islands and the Bahamas for personal or business purposes secretly. — PTI
Showing posts with label TII. Show all posts
Showing posts with label TII. Show all posts
Saturday, May 7, 2011
Friday, September 25, 2009
Indians among most corrupt while doing business abroad: TII
23 Sep 2009, 2200 hrs IST, PTINEW DELHI: At least 30 per cent of 2,742 business executives surveyed across the world regard Indians among the most corrupt when doing business abroad to "speed things up", according to a report by an NGO Transparency International India (TII) here.
"The Global Corruption Report 2009: Corruption and the Private Sector (GCR)" which was released today worldwide claims that Indian and Chinese companies play an active role in global business but engage in "bribery" when doing business abroad.
The Competition Act enacted in 2002 which promotes and sustains competition in markets and protects the interest of consumers has remained a non-starter in India, as per the report.
"A minimum of 100 senior executives each in 26 countries were questioned regarding the practices used by business persons from various nations," it says.
"TII has had some measure of success with public sector firms with the use of Integrity Pact, a tool to check corruption in procurement and tendering. We have not been able to generate similar interest among the private sector yet," says TII chairman RH Tahiliani in a statement.
Another concern the report addresses is how the sheer economic power of some firms and business sectors translates into disproportionate and undue leverage on political-decision making.
"Companies have no clear cut guideline on regulating and making transparent political contributions. Corporates report high-level strategic commitments to anti-corruption but they do not always report on the necessary support systems required to meet these commitments," says Anupama Jha, executive director of TII.
The report also points out that half of international business executives polled estimated that corruption raised project costs by at least 10 per cent.
"Ultimately it is citizens who pay: consumers around the world were overcharged around US $300 billion through almost 300 private international cartels discovered from 1990 to 2005," she adds.
Indians among most corrupt while doing business abroad: TII
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