You want to give bribe to a politician of Rs.5 Crore for getting a contract of Rs. 100 Crore from Govt.
The politician insist on advance payment of bribe.
You pay him Interest Free Loan of Rs.5 Crore.
So that if you do not get contract, you can demand back Rs.5 Crore from politician.
And if politician gets into trouble, he can return the loan and can wash away hands from entire deal!
Is it a novel legal way of paying Secured Bribes?
Though I am lawyer, I do not know. I am confused! If this is a loophole in law, it ought to be plugged by courts.
Haresh Raichura
5/10/2012
The politician insist on advance payment of bribe.
You pay him Interest Free Loan of Rs.5 Crore.
So that if you do not get contract, you can demand back Rs.5 Crore from politician.
And if politician gets into trouble, he can return the loan and can wash away hands from entire deal!
Is it a novel legal way of paying Secured Bribes?
Though I am lawyer, I do not know. I am confused! If this is a loophole in law, it ought to be plugged by courts.
Haresh Raichura
5/10/2012