A study on Corruption
in Private Sector
As per Transparency India survey, India ranks 85th
in corruption perception index out of 175 countries in its 2014 study.
It is common for everyone to believe that all public sector
officials are corrupt and corruption exist more in the government
departments. As bureaucrats have natural
environment to take bribes and play major part in sharing bribes in India.
I is interesting to analyze corrupt practices in Pvt. Sector. It is true that bribe takers are more in
public sector the bribers constitute major part of corrupt activities in India.
Within private organization, the executives at different level indulge in
corrupt practices. They are the one who encourage bribe taker to demand money
for accomplishing task assigned by the companies, by taking margin in bribe
payouts. Eg. In case land dealing, the concerned official representing the
company inflate the cost and take share. In case of dealing in any type of out
sourcing services, again the company officials take part in sharing some margin
thereby escalating the cost and wasting the shareholders money.
In every transactions from stationeries to purchase of
aircrafts every officials involved in the company dishonestly appropriate
money.
Hence dishonest earning of money in private sector is more
than public sector. A number of people serving in private sector are more than
people engaged in public sector (around 1.50 million manpower in central PSUs
in 2010).
It is also true that bribe givers are more than bribe takers.
The bribe givers constitute grate number of private individuals and organizations.
