Why… Why Corruption?

Hi readers, this is me, Ishika Agarwal, tuning back in. Today, I would like to talk to you regarding a deeply injustial topic, corruption. I consider this a talking point in protesting and in public interest. Construe ahead to find out!

What is corruption?

We define corruption as the abuse of entrusted power for private gain.

Corruption erodes trust, weakens democracy, hampers economic development and further exacerbates inequality, poverty, social division and the environmental crisis.

Exposing corruption and holding the corrupt to account can only happen if we understand the way corruption works and the systems that enable it.

Corruption And Its Many Forms

Corruption can take many forms, and can include behaviours like:

• public servants demanding or taking money or favours in exchange for services,
• politicians misusing public money or granting public jobs or contracts to their sponsors, friends and families,
• corporations bribing officials to get lucrative deals

Corruption can happen anywhere: in business, government, the courts, the media, and in civil society, as well as across all sectors from health and education to infrastructure and sports.

Corruption can involve anyone: politicians, government officials, public servants, business people or members of the public.

Corruption happens in the shadows, often with the help of professional enablers such as bankers, lawyers, accountants and real estate agents, opaque financial systems and anonymous shell companies that allow corruption schemes to flourish and the corrupt to launder and hide their illicit wealth.

Corruption adapts to different contexts and changing circumstances. It can evolve in response to changes in rules, legislation and even technology.

This above video explains more about corruption.

Now, just for a relative cause, we can talk about a few individuals who were caught red- handed in this illegal matter.

Chanda Kochhar

From a trainee to the CEO & MD to Padma Bhushan to the stain of corruption, Chanda’s rise as well as fall seem incredible.

Chanda Kochhar was the former managing director and chief executive officer of the ICICI Bank. She had been awarded the Padma Bhushan Award with the name of an expert at solving economical problems. Recently, due to allegations of corruption, a recovery suit was filed against her in Mumbai High Court and she was forced to step down from her position and take an indefinite leave. Ironically, the banker who earned a name as an expert at handling crises has failed to steer out of the storm she herself faces now. Now, she is, in addition, facing the possibility of being stripped of the prestigious trophy.

So, this was a post on one of the human rights, having the freedom to know what is harming us. Stay with us for more such preferences! Happy reading!