This is High time to evolve a constitutional mechanism to prevent businessman doubling up as career politician in the interest of the country.Now what is more fundamental is the need to prevent the conflict of interests in governance. Even public probity is absolutely essential lest the public resources are looted as had been the case with so many scams taking place in recent past. It is very astonishing that the Private companies on the one hand talk about lack of transparency in the Government, while on the other hand, when its comes for them to walk the talk they describe it excessive regulation. Many private sector companies use the public funds from banks to start ventures . While buying capital assets the invoices are inflated and the excess is siphoned off . All purchases are through paper companies to increase the cost and the difference is pocketed . After the purchase the paper companies will have no trace left behind . The owner having made his money is least interested in the working of the company . Typical examples are in power sector , aviation , oil exploration etc where public money has been drained to benefit individuals .
Posted on: Mon, 28 Apr 2014 05:48:24 +0000
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