Along with government officials' involvement in irregularities, the role of business leaders in corruption in business affairs is questionable in many cases, eminent economist Debapriya Bhattacharya said on Sunday.
"After taking charge of any trade bodies, the leaders get loyal to the ruling party instead of being accountable to businessmen. It started by coming to the posts of trade bodies not through elections but through nomination. Due to this, business representatives must come through elections," he said at a roundtable organised by the Center for Governance Studies (CGS).
At the event, the CGS published a study report that said 74% of small and medium enterprises (SMEs) were victims of direct corruption while taking services in the post-Covid period.
Debapriya, also a distinguished fellow at the Centre for Policy Dialogue (CPD), further said, "We can't expect any change in the situation until these institutions come under accountability through a framework. For this, however, it is necessary to build an organised movement among small and medium entrepreneurs."
"By corruption, we generally mean the waste of public money in public management. However, it cannot be said that there is no corruption in corporate institutions, non-governmental organisations (NGOs), or the media. These types of corruption exacerbate confidence crises, create poverty, and destroy the investment climate and society," he added.
The economist commented that although corruption has reduced in some areas of the government after the introduction of the digital system, there are still irregularities in the government procurement system.
Please clcik the link for details report:
https://www.tbsnews.net/economy/business-leaders-role-corruption-also-questionable-debapriya-576274
