Bribes in Kinds
Bribes in kinds (jewelry, coins, phones, travel vouchers, concert tickets) by businesses are very common in India.
Laws need to be formed with everyone's feedback on how bribes in kinds must be identified and Govt, companies private and public must adhere by this rule. CEO CFO to take responsibility and suffer consequences if line is crossed. Only this can reduce menace.
In case on PNB, Yashwant Joshi, who worked as a manager in the forex department of the Mumbai branch that is at the centre of the fraud, admitted to having received two gold coins weighing 60 grams and a pair of gold and diamond earrings from Modi. more