India's Telecom Security Sold for Sex and Money by a Corrupt Bureacracy

Corruption Scandals have rocked India in recent times with top politicians,bureaucrats,generals accused of billion dollar scams.The Commonwealth Games,Adarsh Housing Land and the Mining Scams have implicated ruling politicians from both the national level parties in India.India’s Bureaucracy has been found to be equal partners in the wholesale corruption that is taking place.With the growing public opinion against these scams,India’s Ruling Congress Party has reluctantly fired the culpable leaders.However there are no signs of prosecution or jail time as the offenders are too powerful to be jailed despite the blatant corruption.The Generals and the Politicians have reportedly returned their ill gotten gains as if returning a knife committed for murder should absolve one of the crime of killing.

Now it has come to light that one of India’s Leading Bureaucrats sold sensitive details related to Telecom Security to private firms in return for sex and money.Through an elaborate web of  codes and multiple mobile phones,this IAS officer used to sell security information related to India’s recent telecom security to leading telecom firms.Note India had recently taken stringent action against  RIMM(  Blackberry maker) and some others for failing to provide security codes.It was an opaque regulatory action ripe for bribes and corruption which was taken advantage by Ravi Inder Singh, the Director in the Union Ministry of Home Affairs (MHA).Note it is openly known that nothing moves through the central ministry without bribing the corrupt officials manning those offices.Powerful Business Houses have most of these bureaucrats on their illegal payrolls as most policies are known much before by bigger corporates before they become policy.The expose done in the magazine “outlook” clearly demonstrates how India’s powerful minsisterships and policy decisions are sold in closed rooms in the capital.Investors should be careful about investing in Indian companies as  regulatory/corruption risk remains high as the SKS Microfinance and Unitech/Videocon stock falls show