PS. I came across this above titled corruption news report in the Times of India online on 16th November 2008. It having the following web address and most importantly my comments on it given below. http://timesofindia.indiatimes.com/Lucknow/Corruption_case_against_executive_engineer/articleshow/3718578.cms
Every day we hear some high profile news reports of corruption in the media such as the above. People being caught even convicted on corruption charges. However such news report mainly serves to reassure the public that the anticorruption institution and the Governments at least or at last succeeds in doing something to unearth corruption, which seems to hidden in every where in the society.
However among the hundreds of thousands of such unscrupulous people in position who engage in “corruption” or the illicit money transaction’ every day, the anticorruption law enforcement succeeds to detects and catch only a few. The overwhelming majority of them never been caught they remain absolutely undetected and very much continue with the corruption but remain as the respected members of our society!
Although the public knows it but they have been made to believe that basically there is no way to eliminate the overwhelming majority of those ‘illicit money transaction’ or the corruption. Because most of the times it leaves no concrete evidence of the money trail therefore becomes impossible to successfully prosecuted under the law. However contrary to this belief there in fact exists an extraordinary way that can detect almost all illicit money transaction with the concrete evidence of the money trial.
Let me explain it in following simple way; The ‘illicit money transaction’ or the “corruption” basically occurs due to the CASH MONEY TRANSACTION. As it enables people to make money transaction without leaving any concrete money transaction trail evidence behind. So it is being used in most of the illicit money transaction (corruption) deeds at one stage or the other! Therefore as long as the Cash Money remains as the dominant form of money transaction it would be impossible for anyone to eliminate corruption in any significant way.
Therefore the only way to root-out corruption is to Ban Cash Money Transaction *above a given amount*. Bring in Mandatory Electronic Money Transaction (MEMT, Credit Card money its popular form) in its place together with Mandatory Biometric Identity (MBID) in all bank accounts. In this way the Governments can successfully eradicate almost all kinds of corruption, crimes that we see today in the society.
However have no more hope that the anticorruption institutions and the governments ever going to take these two extraordinary MEMT and MBID anticorruption monetary measures that can basically root-out almost all kinds of corruption and crime that we see today. Perhaps it is too much for its vested interests to basically understand it. As a saying goes “people don’t understand things when their salaries depend upon not knowing it”!
Nevertheless keep on trying to make them understand about it as long as I can. Following the wisdom advise, which says; “Try and Try again and again and you will succeed at last”. But I wonder if the success ever knows the wisdoms advice!
Valerian Texeira.
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