Financial Daily from THE HINDU group of publications
Saturday, Aug 28, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Economic Offences


`Injustice done to innocent can set back fight against corruption'

Our Bureau

New Delhi , Aug. 27

THE Prime Minister, Dr Manmohan Singh, on Friday advised investigating agencies to lay greater emphasis on preventive measures rather than post-facto investigations and cautioned them against adopting such methods and procedures during probes which kill managerial initiative and stunt individual enterprise and risk taking.

"Management is an art, not a science. It requires individual initiative, creativity and willingness to take risks in the larger interests of the enterprise," Dr Singh said, explaining his viewpoint while inaugurating the biennial conference of State Anti-Corruption Bureaus and the Central Bureau of Investigation (CBI) here.

Noting that the administrative systems and procedures should be more rational and transparent, he said that the Government could not depend purely on individual ethics and morality or public opinion to deal with the malaise of corruption. It must design institutional checks, create incentives and disincentive structures and institute a system of reward and punishment.

Alongside, Dr Singh said that it was also the investigating body's duty to ensure the protection of the honest and the innocent. "Injustice done to the innocent can cause serious setback to the fight against corruption," he said.

Dr Singh said that the reform of Government and of governance was an important area of policy focus for the Government.

"We are committed to making the Freedom of Information Act more progressive, participatory and meaningful so that there is greater transparency, accountability and probity in the entire system of governance. An improved model Right to Information Draft Bill has just been received from the National Advisory Council and the Government is actively examining it," he said

The objective of economic reforms in the country, Dr Singh said, was to make the Government less intrusive, less discretionary and more transparent. Many of these reforms had an added beneficial effect of ending the hypocrisy that had come to characterise some of the country's industrial policies. Rational policies, transparent procedures and simple rules do have the positive externality of reducing the scope of corruption, he said.

Following the economic liberalisation, Dr Singh said that there has been a spurt in economic offences such as financial frauds, bank and stock market scams, money-laundering and cyber crimes.

A strong link has been developed between the economic offences and the anti-social and terrorist organisations.

He advised the probe agencies to develop the ability not to let the criminal rest, keep him always on the run and to nab him before he could inflict more harm.

"To check these enemies of civilised society, it is necessary for the investigating and the crime-fighting agencies to develop a high degree of professionalism and technical skills as well as heightened commitment to their mission," Dr Singh said.

He said that a good test of the effectiveness of any investigating body lay in the speed of the disposal of cases.

"Your investigation should be speedy and sound, which will ensure success when the matter is taken to law courts.

"The high rate of conviction in anti-corruption cases can be a great advertisement for the anti-corruption agencies", he said.

More Stories on : Economic Offences

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
China Sea systems take rain away from North


Kerala govt employees plea to restore benefits
3-fold increase in investment sanctions in Karnataka
Madras HC restrains TNEB from outsourcing labour
Price stability will be ensured, says RBI
Inflation dips to 7.94 pc; vegetable prices soar
World Bank lending to India may go up to $3 b
`Green' buildings rating system on the anvil
Environment awareness education in AP
Australia makes pitch for new business avenues in Bengal
Efforts on to evolve special cardiac package for children
Workshop on telemedicine
KCCI, Govt to sign pact on Mangalore SEZ on Aug 30
Oil stocks firm as crude prices fall
Pharma units seek duty sops for R&D
Penicillin makers curtail production — Fall in prices of end products
Plastics export council to set up warehouse centres in US
`Nuclear power can be as cheap as Rs 3.22 a unit'
PGCIL to advice power system
Tax withdrawal on NRE, FCNR accounts welcomed
Tour operators threaten stir against service tax
Policy on mandatory groundwater recharge for industries soon
Marriott, Kuoni Academy tie up for tourism diplomas
Info on US higher education at Hyderabad
Apollo Hospitals installing Rs 30-cr scanning device
Delhi realtors for licensing of agents
Now property purchase in Pune comes with warranty
Sakthivel re-elected TEA President
Govt amends norms for import of rough marble blocks
Bollywood hits paydirt with light entertainers
`India to push for legal sanctity of Geneva proposals'
Haryana to offer concessions for labourers
Pharma, biotech the new draw for overseas Indians
In Hyderabad today
Why rubbish a `standard' for the salaried
Rubber export subsidies may be slashed 50 pc
Are port curbs on edible oil imports desirable?
North tops in hardware exports
2-day CII expo on Madurai from today
`Injustice done to innocent can set back fight against corruption'
New Institution of Engineers head



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line