The UPA will bring foreign public officials under the ambit of a law that will make “accepting and giving gratifications” by them a criminal offence. It has also decided to amend the Indian Penal Code (IPC) to make “private sector bribery” a criminal offence.
While the IPC amendments will be formulated by the Home Ministry, the Cabinet today is learnt to have approved the introduction of The Prevention of Bribery of Foreign Public Officials and Officials of Public International Organisations Bill, 2011 (also called the Foreign Bribery Bill) in Parliament soon.
The Cabinet proposal has suggested modifying the Prevention of Corruption Act, 1988, by replacing “any offences punishable under this Act” with “any offence punishable under this Act and The Prevention of Bribery of Foreign Public Officials and Officials of Public International Organisations Act.”
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Tuesday, March 22, 2011
Bill to tackle Bribery by Foreigners,Private Sector
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