Businessmen Facing Sharp Scrutiny In India


Telecom Minister Kapil Sibal said that "because the industry is at war with itself and because they are trying to destroy each other, the consequences are that we are destroying the hen that lays the golden eggs. The industry does not speak in one voice. And, I am sorry to say, the reason for that is that each one of them had at some stage or the other sought favors from the government."

Commenting on the arrest of few of the officials in Amway, Pinckney who was also arrested but released after further investigation said that "I understand that if you get bigger, more folks look at you". "Maybe this is because of the folks who personally do not like it. They have decided that it is bad, for everybody else as well. And, (then) they become crusaders."

CBI officials however believe that the rumors of investors losing confidence on businesses because of such cases are an exaggeration and that CBI is not to be blamed for crony capitalism. "It is not as if the investor is not aware of what is happening or how opaque things are. Crony capitalism is not something created by CAG." 
 

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