Introduction-Every economy, the world over, has been suffering from certain everlasting problems like corruption, poverty, unemployment and rising prices. For the last so many years, the corruption has emerged as a focal point of talks among academicians, politicians and people at large. Indian economy is also not an exception in this respect. Corruptive practices have been witnessed in our country also in different types of forms. For example, the alleged frauds and scams like Enron Scandal, Tehelka Episode, Harshad Mehta’s Security Scam, C. R. Bhansali’s Scam, Jayalalita’s Tansi Scandal, Ghaas Chara Scandal, Scandals regarding 3-G Spectrum, the alleged Om prakash Chotala’s, Nitin Ghadkari’s and Yeddi-ruupa’s scandals, etc.
Every economy, the world over, has been suffering from certain everlasting problems like corruption, poverty, unemployment and rising prices. For the last so many years, the corruption has emerged as a focal point of talks among academicians, politicians and people at large. Indian economy is also not an exception in this respect. Corruptive practices have been witnessed in our country also in different types of forms. For example, the alleged frauds and scams like Enron Scandal, Tehelka Episode, Harshad Mehta’s Security Scam, C. R. Bhansali’s Scam, Jayalalita’s Tansi Scandal, Ghaas Chara Scandal, Scandals regarding 3- G Spectrum, the alleged Om prakash Chotala’s, Nitin Ghadkari’s and Yeddi-ruupa’s scandals