ISHAN
Member • Jul 23, 2011
India Against Corruption & Jan Lokpal Bill
Friends,
Corruption is a hot topic nowadays. So while searching about it a bit, I came across this article. The facts were really surprising and could not believe what I was reading. The important thing is what can we do?
Also I got this message which says that Government of India will support the Civil society's (the one supported by Anna Hazare) if it gets support from 250 million people (25 crore people).
You can support it by calling on toll free number 02261550789. The call will be cut mid way and you will receive a Thankyou SMS.
I did it 😀. If you want to support civil society's version call on this number. 😀
Corruption is a hot topic nowadays. So while searching about it a bit, I came across this article. The facts were really surprising and could not believe what I was reading. The important thing is what can we do?
Also I got this message which says that Government of India will support the Civil society's (the one supported by Anna Hazare) if it gets support from 250 million people (25 crore people).
You can support it by calling on toll free number 02261550789. The call will be cut mid way and you will receive a Thankyou SMS.
I did it 😀. If you want to support civil society's version call on this number. 😀
According to a first of its kind report on 'Ascertaining size of corruption in India with respect to money laundering', an individual spent over Rs 2,000 as a cost of corruption in 2009, which is 260 per cent higher than the amount borne by a citizen ten years back.Source: #-Link-Snipped-#
"In the past decade, money laundered out of India was at least Rs 1,886 thousand crores or USD 419 billion. This quantification of the laundering is worked out on the most pessimistic manner and by considering the global parameters," it said.
"If the Gross Domestic Product-based money laundering model is translated to quantify the corruption, then the size of corruption in the last decade is Rs 1,555 thousand crore or USD 345 billion in India," the report said.
The study was conducted by a Pune-based company, which has pioneered in fraud examination, security, risk management and forensic accounting research and has been for long helping the country's investigating agencies like CBI in several high profile cases.
It is based on the analysis of scarce data available for measuring money laundering described through three models-- property recovery, crime based and GDP based.
"The three models gave details of quantum of money laundering. They are based on the statistics by National Crime records Bureau (NCRB)," said Mayur Joshi, an anti-fraud and money laundering expert and founder member of the firm which had assisted CBI in the multi-crore Satyam scam.
