Monetizing Supreme Justice - Need for reckoning ! Caveat Perumals, Kalmadis and Rajas !
Rs 50 - Rs 70000 cr- Rs 175000 cr.....is the order of scams where nation's wealth has been misappropriated and hitting the news channels for past many weeks. What is disgusting to note is not the size of scams, rather severity of punishments so far awarded. Today's news reads: "More than 17 years after he was caught accepting a bribe of Rs 50, the Supreme Court today upheld the one-year sentence imposed under the Prevention of Corruption Act on an municipal body employee of TamilNadu. Kootha Perumal, an employee of Pudukottai Municipality, was caught on August 23, 1993, by Anti Corruption Bureau sleuths for demanding and accepting a bribe of Rs 50 from the complainant Nayinar Mohammed, for issuing a tax certificate to enable him obtain a loan from a finance company."
As a financial sector analyst, I am mentally paralyzed at the current state of affairs of our nation and could not refrain myself from inferring following sense: 'Time value of justice is directly proportional to the time value of money and both these are inversely proportional to the Social status of humans - unfortunately, our nation, India sets such poor examples to the global community.' Although I do not advocate giving or taking bribes of any magnitude, I vehemently condemn the flawed judicial system and its punishments. Is it not a nightmare to live in a country magnified by the acts of such Perumals', Kalmadis' and Rajas' in the future, if not curtailed.
With those fewer thoughts, I like to keep the post open for suggesting corrective action.