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Indian protesters seek action on massive graft
NEW DELHI — Two Indian anti-corruption campaigners drew thousands of cheering supporters to a protest Sunday to press the government to act against graft and bring back billions of dollars stashed overseas.
The subjects of corruption and its spoils being secreted out of India have riled a public reeling from rapid inflation, slowing growth and widespread malnutrition.
The protests, along with a string of high-profile scandals, have deeply embarrassed the government and sullied Prime Minister Manmohan Singh’s image as an honest technocrat who helped spark India’s growth by pushing to liberalize the economy in the 1990s.
Instead, Mr. Singh has faced ever-louder opposition to the idea that capital gains by the country’s richest will trickle down to benefit all.
The parliamentary affairs minister criticized the attacks on the “most revered” prime minister’s office, and cautioned the activists against undermining anti-graft agencies set up “by our freedom-fighting forefathers.”
“They have full freedom to voice concern against corruption,” Harish Rawat said, according to Press Trust of India. “If they want to destroy the existing institutions, then the country will not accept it.”
Mr. Ramdev and Mr. Hazare, who separately held several hunger strikes last year, have managed to focus national attention and ire against a corruption so entrenched that bribes are routine for most government services from registering a marriage to getting a driver’s license or securing a child’s place in school.
Their demand for legislation to crack down on government corruption led to a bill now being debated in Parliament.
In recent weeks, they have called for an investigation into Mr. Singh and other officials over alleged revenue losses worth billions of dollars through the underpricing of coal assets. Federal investigators said Friday they were looking into the claims.
What the government can actually do to retrieve money stashed abroad is unclear. There are no firm figures for how much has been sent overseas by those seeking to avoid taxes or hide ill-gotten gains.
The Washington-based Global Financial Integrity institute says $104 billion had been stashed abroad as of December, while another study by a former International Monetary Fund economist put the number at around $213 billion - worth at least $462 billion today based on estimates for conservative investment returns.
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