The cancerous grip of corruption on Indian politics has been there for decades. Of late, one can also see the corruption spreading to the business community where the corporate ethics has been damaged by recent high profile scandals. There has been a series of scams involving the Indian corporate which reveal the unholy nexus between businessmen and government that have tarnished the corporate ethical codes. The recent series of corporate scams began with the findings of discrepancies in tenders and alleged misappropriation amounting to about 8,000 crore in the Commonwealth Games held in New Delhi. Many private companies have allegedly gained hefty projects through illegal means involving large sums of money. The 2G scam tops the list. Even the Supreme Court of India has expressed shock over the influence wielded by corporate power players on the government and on its policies. So far it remained a mystery for common man as what was it that made former Telecom Minister A. Raja sold 2 G spectrum for just 1,651 crore to 22 circles. It is high time that we evaluate our corporate world’s work ethics as many wonder if there is anything called corporate ethics at all in India. As Prime Minister Manmohan Singh rightly pointed out, corporate India needs to improve its ethics. There should be a well-balanced view on business and ethics and on how to do business keeping the morality factor intact.
Mohd Ziyaullah Khan
Nagpur, M.S.