India: Private sector bribery under proposed anti-corruption law: Parliamentary Committee
12 Aug 2016

In a first, a Parliamentary Committee has recommended criminalising private sector bribery by bringing in corporates and their executives in the ambit of proposed anti-corruption law and recommended a maximum jail term of seven years along with fine.

Besides, it has suggested punishment for bribe givers too.

At present, there is no law in the country that covers corruption in the private sector or criminalises bribe giving.

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