Bad Busi­ness Deal

India Today - - MAIL -

The fil­ing of FIR in the coal scam against top in­dus­tri­al­ist Ku­mar Man­galam Birla and for­mer coal sec­re­tary P.C. Parakh has ruf­fled feath­ers of Cor­po­rate In­dia (“Panic in the Board­room”, Novem­ber 4). The Prime Min­is­ter’s Of­fice has de­fended the de­ci­sion, in­sist­ing that it was taken-keep­ing in mind the best in­ter­est of the coun­try. Mean­while, the Prime Min­is­ter him­self has said that he is not above the law and is ready to face CBI en­quiry. How­ever, this witch hunt is prov­ing to be dam­ag­ing to the in­dus­try and de­mor­al­is­ing the bu­reau­cracy. We hope the Supreme Court will come up with the right de­ci­sion with­out much de­lay and thus put an end to the on­go­ing im­broglio and al­low cor­po­rates to func­tion smoothly.

JA­COB SA­HAYAM, via email While in­dus­tri­al­ists and busi­ness houses shouldn’t be spared le­gal en­quiries, they should not be ha­rassed un­less there is ad­e­quate proof of their in­volve­ment in a scam. Also, they shouldn’t be hounded just to save some big-shot politi­cians and bu­reau­crats. We should not for­get that th­ese are the same men who con­trib­ute im­mensely to­wards the growth and de­vel­op­ment of the coun­try’s econ­omy.

BAL GOVIND, Noida In­dia Inc’s in­dul­gence in mass-scale cor­rup­tion is not a re­cent thing; it has now been es­tab­lished from Ni­ira Ra­dia’s tapped con­ver­sa­tions that our busi­ness lead­ers have been try­ing to cor­ner nat­u­ral re­sources by hook or by crook for years. The least they both­ered about through all this was pub­lic good. CBI’S de­ci­sion to file an FIR against Ku­mar Man­galam Birla might ap­pear hur­ried, but bash­ing its ac­tions can’t ab­solve all the wrong deeds of busi­ness big­wigs. The In­dian cor­po­rate ed­i­fice is crum­bling un­der the weight of ob­nox­ious filth, ac­crued through un­law­ful means.

H.K. PRAJAPATI, Sa­ha­ran­pur

The busi­ness com­mu­nity is al­ways look­ing to make a profit and it’s per­fectly le­git­i­mate. While buy­ing nat­u­ral re­sources from the Gov­ern­ment, the busi­ness houses paid more than the fair price. Only, the money didn’t come to the ex­che­quer. This is known as cor­rup­tion. This is the most cor­rupt gov­ern­ment in the his­tory of mod­ern times.

NEERAJ AGARWAL, via email

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