Anti Bribery and Corruption
THE EGYPTIAN DYNASTY
The Egyptian Dynasty, celebrated for its pharaoh rulers, majestic pyramids, rich culture, and mystical gods, was simultaneously afflicted by pervasive corruption. This included the unlawful diversion of assets from ordinary citizens by corrupt officials, misappropriation of wealth by priests or tax collectors, and bribery of judges leading to wrongful convictions. In the absence of formal currency and banking systems, pharaohs’ wealth—stored as reserves of gold, grain, and other commodities became susceptible targets. Advisors yielded to temptation, embezzling from their sovereigns.
To address this, pharaohs employed specially trained scribes to counter corruption. Notably, King Horemheb demonstrated a commitment to bridging ties between the populace and elite. He enacted laws to eliminate abuses of power prevalent under Akhenaten, restructured governance, appointed impartial judges, and established local religious authorities.
Our Approach to Modern Anti-Corruption Laws
Just like the The Egyptian Dynasty time period, blue-collar crimes have impacted individuals and societal harmony without substantial economic repercussions andwhite-collar crimes such as bribery, fraud, and money laundering have directly undermined economic stability.
In contemporary India, blue-collar offences are governed by statutes including the Bharatiya Nyaya Sanhita, 2023 (replacing the Indian Penal Code, 1860), the Bharatiya Nagarik Suraksha Sanhita, 2023 (replacing the Code of Criminal Procedure, 1973), the Police Act, the Gaming Act, and the Narcotic Drugs and Psychotropic Substances Act.
Effective governance demands dedicated legislation for white-collar crimes. India addresses these through key laws and provisions, including the Prevention of Corruption Act, 1988; the Prevention of Money Laundering Act, 2002; dedicated chapters in the Companies Act, 2013 (via the Serious Fraud Investigation Office); the Insolvency and Bankruptcy Code, 2016 (covering fraudulent transactions); SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations; SEBI (Prohibition of Insider Trading) Regulations; and relevant sections of the Income Tax Act and GST Act on tax evasion. These frameworks are continually updated to bolster economic growth and integrity.
Under anti-bribery and corruption, our firm offers comprehensive assistance under Indian laws. We collaborate with trusted international consultants to deliver integrated solutions for compliance with anti-money laundering regulations in jurisdictions such as the USA, the United Kingdom, and Hong Kong.
Why engage our Lawyers
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