Scrap Sale Funds Use for Bribery

Cash generated by scrap sales as identified by some of you is utilized by many manufacturers to pay bribes and speed money. Below are some of your suggestions on how scrap sales can be regulated. Kindly review and share any additional inputs you may have. We look forward to compiling this and sharing this with key stakeholders for further action.

Transparency International India

1. Each state should authorize certain number of scrap dealers to buy scrap/left over materials from builders/manufacturers
2. A helpline should be created where people can report any manufacturer selling scrap for cash
3. Entrepreneurs should be encouraged to start e-scrap buying websites and make a business model around it
4. Industrial scrap dealers must be asked to keep a record of what they buy and who they buy it from
5. The scrap should be auctioned and the payment should be made through DD/cheque
6. Stores and stock should be maintained in SAP to identify the scrap generated during production and installation
7. A technical evaluation about scrap generation of a most industries should be conducted so that generation of scrap could be assessed on an average basis and the same information should be made available for tax authorities. more  

View all 17 comments Below 17 comments
The activity of the Government department is only to find ways and means to eat public money. more  
When a criminal is fully protected and supported by all government machinery whatever, one try to stream line, would be futile. more  
High end large scale corruption and money laundering need to be targeted on war footing. I do not understand as to why no action has been initiated to disqualify Mr. Vijaya Mallaya from the membership of Rajya Sabha and no action has been taken to seize his diplomatic passport. I do not know as to why an interpole alert has not been envisaged to bring him to the country to face the court of law. more  
needless coment by disgruntled employee more  
in targeting corruption you should adopt the ABC analysis and target areas like real estate, etc where corruption is paramount. do you think state will pass laws on scrap handling. we already have so many laws and introducing one more will not help manufacturing, who already have to deal with so many govt agencies. more  
Post a Comment

Related Posts

    • New ways to loot public money

      Dhoots, the owners of bankrupt Videocon owe Rs. 64,000 crores to taxpayers (banks). Under the brilliant bankruptcy law enacted by Govt, the banks can recover only 4% of this amount. The b...

      By Ajay Agrawal
    • Anti- Corruption

      My understanding/opinion The amended 2018 Prevention of Act is in favour of the corruption. The CBI cannot even register a corruption case against a public servant without the approval of the ...

      By Lucian I D P
    • Bribery to Bureaucrats and Politicians

      One of the most common ways companies, Builders, Businessmen bribe Bureaucrats Politicians Doctors and any others on the receiving end is to buy an expensive vehicle and give it to them for use.

      By Garima Sharma
    • Loot by bad corrupt business through banks

      Yesterday, banks wrote off 50,000 cr loans by the Videocon group & sold the company for 5000 cr. Today banks wrote off ~ 5000 cr loans by Siva group & sold the company back to hi...

      By SN Mittal
    • Where did Covid Hospital Bribery happen

      By Naina Mittal
    • advt in leading newspapers across india a few days ago

      two days back there was a quarter page many leading newspapers across india by a company called Landomus Usa.the company said that it would invest equity of usd 500billion,in phase 1, in in...

      By Suresh Dasarathy
    • Together Against Corruption

      Needless to say,the corruption is in our blood. In Covid pandemic:we could have done better,but the "C" factor influences most of the business and political communities. 1. Remdesiv...

    • Neta Corruption through Police

      This is also an example of corruption that prevails in every state of India pretty much. Corrupt Neta ji sets targets and then get machinery to collect. Machinery collects a bit more and...

      By Vikram Gupta
    • Our halla on transport corruption worked

      Ministry of Road Transport has launched Aadhar-authentication based contactless services Now applying for learner' s license, DL renewal & duplicate DL, registration application for...

      By RN Chopra
    • Corruption in Resident welfare Associations

      I am a member of a resident welfare association. Recently (28.12.20) I demanded an inspection of documents including an advocate's bill reportedly paid for a huge and disproportionate amount to def...

    • Conversation between Republic CEO and BARC - Ex CEO from Mumbai Police

      Please find attached chat transcript between Arnab Goswami of Republic and ex BARC CEO. Highlights corruption in media esp in regards to TRP scams. Also shows who is aligned with who. The biggest s...

      By Anonymous Circle member
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)