In the wake of recent reports of bribery allegations concerning one of the largest e-commerce entities, several pressing questions about India’s business environment dominate the headlines. While some argue it is the cost of doing business in India, all stakeholders need to work towards reducing instances of bribery to ensure that India can achieve its target of a five-trillion-dollar economy.
The Prevention of Corruption Act, 1988 (“PCA”) is the principal anti-bribery legislation in India. Until 2018, the PCA applied to acceptance of bribes by public servants. The bribe giver was only an accomplice.
Please click here to read the full article by Daksh Ahluwalia and Namrata Nambiar.