Business Owners Try to Undercut India’s Move Against ‘Black Money’
Unable to spend or deposit their sackfuls of large bank notes amid India’s crackdown on hoarding cash, business owners across the country are paying employees months of salary in advance, ringing up bogus sales and even buying gold they can smuggle overseas to get rid of stashed money or conceal its source.
Stories of corruption and undue political influence are flooding news headlines everywhere from the western reaches of Europe to the most Eastern areas of Asia. The reason for these outbreaks of corruption is the concentration of too much power in the hands of a few key officials and a lack to restraints on the powers that they wield. Constitutional reform is urgently needed to return power to the people. For more details, please see the Charter for Permanent Peace and Development.