Thursday, August 18, 2011

UNCAC (United Nations Convention Against Corruption)


I agree with you that Anna Hazare is promoted by UPA. Anyway these Baba Ram Dev and Aanna Hazaare movement has done great damage to those engaged in enriching themselves embezzlement.

The movement made India to ratify the UNCAC (United Nations Convention Against Corruption) after India has been dragging its foot for six years absconding ratification.

Whether or not India is serious in ratifying the convention, India is now bound by the Convention and has to implement laws and regulations to prevent, criminalise, freeze and recover the embezzled property. India will be monitored by an Implementation Review Group (IRG).

And the best part of the convention is, the laws enacted against corruption as required by the convention, is retrospective. And, whatever stashed in the overseas financial centres are recoverable.

Now Indian rulers are in fear of loosing their embezzled property â their life long and career earnings. Even Bofors scandal could be invoked.

Thanks to The movement.

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