This document basically contends that; most economic crimes, corruption occurs mainly due to the illicit or the surreptitious money transactions that escape from the public or legal scrutiny. Now the good news is that the Information Technology (IT) today with its innovative digital or the “electronic money transaction”, if made mandatory with biometric identify, enables the Governments to root-out most economic crimes, known as corruption. Only if there is the political will to get it done.
There are million upon millions if not billions of such corruption or the economic crimes going on all over the world in which India definitely has its fair share.
The existing anticorruption legislations and bills miserably fails to prevent it on the other hand the worlds Governments do not have the political will to implement the most effective anticorruption measure that can root-out almost all the economic crimes (corruption) and its related crimes. Let me present it briefly in the following:
BAN ALL CASH MONEY TRANSACTIONS ABOVE A GIVEN AMOUNT (say $ 5 or so) ABOVE THAT AMOUNT ALL MONEY TRANSACTIONS SHOULD BE CONDUCTED ONLY BY THE ELECTRONIC (E) MONEY (credit card its popular form) DIRECTLY THROUGH THE BANK TO THE BANK ACCOUNTS, WHICH MOST IMPORTANTLY MUST HAVE THE SECURITY OF “BIOMETRIC IDENTITY”.
This E-money transaction with biometric identity security system basically able to keep the electronic record ofall such money transactions conducted through its network. Therefore if any one engage in ‘illicit money transaction’ (bribe, graft, illegal drugs, money, fraud, scams, money laundering , terrorist finance etc) it invariably gets recorded in the bank account of the person or the firm. So when a legalinvestigation ordered of any alleged corruption, this network would provides the law enforcement an entirely new kind of anti-corruption investigation toolthat can easily identify, track down, charge and finally convict the criminals in the court with that undeniable bank account money transaction record as the concrete evidence or proof. This can root out almost all corruption and crime what is really needed isthe international “political will” to get it done. However, see NO HOPE of it, so the hope of eradication of corruption.
Also see the following most important papers on this subject matter.
Here is one of my own recent experience of a major corruption. I purchased a Kelvinator 180 Ltr. Refrigerator on June 3, 2008 form a shop in Mangalore (India). Most importantly for me it had 5 years of Kelvinator Refrigerator Company warranty and other documents. (I have the sales receipts and the Kelvinator company warranty and its other related documents in hand.)
The refrigerator problems started of “improper cooling” and continued compressor running with “no cut-offs”. I lodged its complaint and the shop service crew came to check. There I noticed for the first time that the compressor inside the refrigerator NOT of the Kelvinator Company but of the VIDEOCON,name brand seal label printed on it. I was in real shock. If I had known it had a Videocon compressor I never would have purchased it.I felt totally deceived or tricked or cheated by this shop.
Now let me keep the matter short and to its main point. I sent a complaint letter (date 14-04-2009) to the shop explaining this matter and asking them immediately to correct the wrong with due compensation. One of my suggestions is, take back the refrigerator and reimburse its money back along with its proper compensation dues.
To which I received a response letter dated 18.04.2009 froma fridge service shop in Mangalore who claim to undertake the service of Videocon refrigerators. In it they justify selling the Kelvinator brand name refrigerator fitted with Videocon compressor saying; “Now Kelvinator brand is taken over by Videocon Industries Ltd. that is why they are using Videocon Compressor and it is common in all the companies. No company will manufacture all parts in one product. For e.g. if you purchase one computer its all parts or units are not manufactured by only one company. Its monitor is different company, its Keyboard is different, CPU is Different.” I find this reply very much fraudulent and deceptive if not outright naive for the following main points.
1). Of course it is a universal knowledge that a given product manufacturing company not able to produce every thing that needed to manufacture their product. Especially its basic materials, metal sheets, roads pipes, rubber, plastic parts tubes, paints also the electric wires, nuts-bolts screws etc. However it is totally WRONG for a company manufacturing and selling a given product, to sell it under the disguised body cover brand name and the warranty documents of another company known to manufacture the SAME product. For example; a car producing company selling its manufactured labeled or sealed car engines and other main parts inside the body of another car manufacturing company, complete with warranty documents of that other companies brand name.- In my case Videocon company selling its refrigerator products under the brand name of the Kelvinator refrigerator product. So the unsuspecting people who believe they are buying the product or the latter company (by seeing its outside body cover), in fact tricked or deceived into buying the former companies product disguised in the latter companies brand name. I believe it is basically a case of corruption, cheatingor abusing the consumers trust. By the way, Videocon separately sells its own manufactured branded refrigerators.
2). When I purchased the Kelvinator Refrigerator having the company 5 years of warranty with all its document form the shop, I obviously believed that it is a Kelvinator company produced refrigerator that had the same company manufactured compressor in it. The shop did not tell me the fact that this Kelvinator company branded refrigerator having a Videocon compressor inside. If I had been told the fact I would have definitely rejected it and purchased some other refrigerator having its own company manufactured compressor with the warranty. So in fact they deceived or tricked me into buying a refrigerator having Videocon compressor (perhaps other main components as well) presenting me it as a Kelvinator company manufactured refrigerator as shown from its outside body. By not revealing the actual fact I believe the shop breached or abused my consumer trust by a malpractice.
3). The fridge service shops reply letter (date 18-4-09) that comparesabranded refrigerator to a computer is quite ridiculous. Even an assembled PC vender clearly notifies the brand name of the monitor, processor, motherboard, hard-disk, RAM, keyboard etc. in their sales and the separate warranty documents.
4). Despite knowing that the closure of Kelvinator refrigerator company long ago, the sales shop issued me the Kelvinator refrigerator company named printed warranty card with the shops stamp seal and signature in it. This could amount to forgery.Quite apart, my consumer complaint of the sales shops breach of consumer trust sent to them replied by this fridge serviece (date 18-4-09) which I find some how inappropriate.
I have decided to take this case to the consumer dispute court in my district in the coming days. If any of the readers interested in knowing more details of this case, please write to myfollowing address:
People who have beenaccused (rightly or wrongly ) and charged with corruptionare only the tip of the ice berg. The vast majority who engage in corruption, never have been reported, let alone charged or convicted.
It could be because the anti-corruption leadership in the Government and Non-Government agencies interested more in fostering their job, carrier or position instead of finding out a successful way to root- corruption and its related crimes (most crimes are the direct result of corruption). The prevalence of vast corruption very much suits their interest or demand. Although, they know it very well that all the hundreds of thousands of anti-corruption legislation regulation that they enacted so far does not make any significant reduction on the enormous corruption numbers or any hope of it in the future by enacting more of it.However they don’t want to install a newly available innovative technological (IT) approach that can root-out almost all corruption. Let me briefly present it in the following.
Today there are Electronic (E)Money Transaction and the Biometric Identity technologies available and widely used in the business, which amongother things can diligently search and find out almost all people who engage in any kind of illicit money transaction (popularly known as CORRUPTION). So it enables to root-out almost all corruption and its related crimes if these anti-corruption leaders really want! --- They can accomplish it by imposing a ban on cash money transaction above a given sum say $5or so - over that amount all money transaction should be conducted by the Electronic (E) Money (credit card its popular form) directly through the bank to the bank account having the security of Biometric Identity. ---This E or the Credit Card money transaction system basically able to keep the electronic record of all such money transactions conducted through its network. Therefore if any one engage in ‘illicit money transaction’ (bribe, graft, illegal drugs, weapons trade, money laundering etc) it invariably gets recorded in the bank account of the person or firms. This provides the law enforcement an entirely new kind of anticorruption technique to easily identify, track down, charge and finally convict the criminals in the court with that undeniable bank account money transaction record as the concrete evidence or proof. Implementation of this technological system first of all immediately will dissuade the vast majority from engaging in corruption. Of course those who still engage in illicit money transaction, can be can be evidently traced back with their bank accounts electronic money trial, identified, caught and get convicted with that undeniable E money transaction recorded in their bank account as the concrete evidence or proof before the court of Justice.
However the worlds anti-corruption leaders who advocate transparency in the business seems to more keen on protecting the privacy of those peoples who don’t want transparency and likes to keep secrecy in any of their money transactions. This enables the criminals to receive or pay any (large) amount of money by cash without keeping any concrete record evidence to prosecute them. They don’t want to ban the cash money transaction above a given amount which is the primary requirement basically to prevent corruption. Totally ignoring the available technologies to root-out corruption makes them more corrupt than the people they accuse of.
See the following most important papers on this subject matter. “IT To Root-Out Corruption”.
The Attorney-General and Minister for Justice, Mrs. Betty Mould-Iddrisu should realize thatall their anti-corruption legislation going to fail unless they bring ina legislation first of all to ‘Make all money transaction above a given amount only by Electronic (E) Money, directly through the bank to thebank account necessarily havingthe Biometric Identity’. This will root-Out almost all corruptionand its associated crimes from the society. What is needed is the politicalwill to get it done.
Credit Card Money To Root-Out Counterfeit Currency
Counterfeit Currencies (CC) are the nightmares of common people. It is very difficult for people to commonly distinguish (in a non-embarrassing normal glance) the fake from the genuine notes even for the professionals. It is a major headache for the Governments, sabotaging the economy and pose a serious threat to the national security. The menace of the counterfeit or fake currencies increase as the advancement of printing technology made widely available.
Prevention of the CC from circulation is the Governments main responsibility. However by the time it comes to the notice of the law enforcement agencies notice most of the CC’s already out in the circulation! People who have been caught circulating the CC are mostly petty criminals who’s main job to get it circulated. However the CC’s printing or production racket mainly run by big criminal gangs, powerful mafia’s who most of the times never been caught. Even the countries sponsoring terrorism said to engage in facilitating and sending counterfeit currencies to destabilize the other nations.
In our technologically advancing world today the Governments tries hard to preventthe menace of counterfeit currencies by brining in more and more sophisticated currency papers, printing designs also by allocating more financial resources in thecounterfeit currency detection and law enforcement catching the perpetrators. However the menace still continues more or less as it did before!
It is the ‘CASH’ (paper) currency that makes the counterfeit currency circulation possible. As long as the cash trading continues the circulation of the CC’s will remain more or less the same. Fortunately however the Information Technology (IT) today provides the Government with this Electronic (E)money transaction technology or the credit card moneythat can completely eliminate the menace of the counterfeit currency.
Let me explain the above mentioned this extraordinary IT solution to root-out counterfeit currencies briefly. Most of us today know about doing trade, business, money transaction by the use of “Credit Card Money”. In which the money exchange between the two parties conducted directly through their bank to bank accounts by the aid of Electronic or E-money transfer. This completely eliminates the need of exchange of the paper currency notes (or metal coins) between the two trading party. In this way the credit card or the e-money transaction absolutely get rids of the counterfeit currencies.
