The United States (US) and many western countries have strict rules on corruption. Companies cannot give bribes to procure international contracts. Whistle-blowers can stay anonymous, are kept safe by entities like the Securities Exchange Board (SEC) and in fact, when the fines are levied on the errant companies, the whistle-blowers even get a percentage of the fines collected. That even Fortune 500 companies can’t escape the law is proved by how many have been prosecuted[1]. When someone of the “reputation” of Ramesh Abhishek (RA) gets appointed to the board of US-India Business Council (USIBC), then one has to take this news with a kilogram of salt.
Newspaper reports say that the government has told Madras High Court that Ramesh Abhishek will not be considered for SEBI Chairman post[7]. Good. The reason given is that he has not applied for it. As long as the government does not pull a C B Bhave rabbit out of the hat, I am happy. There is more. It is important to select a person of integrity and deep knowledge of the field. And such a person must crack the whip at SEBI – punish the errant while creating fair and transparent stock exchanges that provide for accurate price discovery. Will the government do it? Only time will tell.
References:
[1] Exclusive: SEC probes Siemens, GE, Philips in alleged China medical equipment scheme – Jun 4, 2019, Reuters.com
[2] Did Ramesh Abhishek use his contacts in Home Ministry to harass the suspected Whistleblower? – Jun 7, 2019, PGurus.com
[3] The art of serving Politicians and enriching thyself – Part 1 – Jun 2, 2019, PGurus.com
[4] Ace advisor of Lalu and part of PC’s Fantastic Four – Jun 4, 2019, PGurus.com
[5] DPIIT – Currency printing start-up for Ramesh Abhishek family? – Jul 12, 2019, PGurus.com
[6] P5 – Will Modi clean house of corrupt IAS officers? – Jun 14, 2019, PGurus.com
[7] Ex-IAS Ramesh Abhishek will not be considered for SEBI chairman post: Govt to Madras HC – Jul 21, 2020, The Times of India
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We have all read the Ithihasa, Sree Ramayana. Vali tells Rama that had he befriended him instead of his brother Sugreeva, he would have ensured that Ravana brings Sita and returns her to Rama, without any effort. Rama replied: "I will not associate with unrighteous even if I may be benefitted by such an association".
Sadly, BJP associated with PDP in J&K, Shiv Sena associated with NCP & INC, BJP routinely are taking in corrupt politicians from other parties, the common man is so averse to politics which is now nothing but FILTH