1. Nana Akufo-Addo has hit hard at the ruling nation Democratic congress saying corruption has now became a raging epidemic. 2. Thank you all for your presence at this stage to talk about a subject that is of interest to all of us. I refer to corruption.
Corruption is a global phenomenon. Corruption is a disease in both endemic and epidemic. It marks mockery of administration, development and democracy. Corruption in public life has reached an alarming stage and has enraged. Globally a sensitive issue the level of corruption has also increased substantially in India. Corruption breeds out of dishonesty and illegal behaviour of the people who misuse their official position and authority.The World Bank defines corruption as the use of “Public office for private profit”. Corruption has various manifestations which we encounter in our daily life. Corruption is not only the mother of black money but often supports criminalization. But we have had a number of scams in India 2G spectrum scam of rupees 1.76 lakh corer by former telecom minister A Raja.
Out of the fear of law the black money which is dumped, does not come into use for the development of the nation. The central vigilance commission, involved in prolring the alleged corruption in various common wealth games related projects, has found discrepancies in tenders-like payment to non-existent parties will-full delays in execution of contracts over in flatted price and bungling in purchase of equipment through tendering and misappropriation of funds. Corruption deters investment, prevents economic growth, distorts prices and undermines the faith in the obedience of law and governance system. The scam at Satayam computer services is something that will shatter the peace and tranquility of Indian investors and share holder community beyond repair. Satyam is the biggest fraud in the corporate history to the tune RS. 14000 crore. It is an anti-national act which perpetuates injustice and...
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