Bribery is considered as the criminal offence adopted by the individual in the major organizations like institutions, colleges or in corporate sectors. People involved in such practices comply with the law and presents the highest ethical standards of their conduct in the organization. Such cases comes in light in the daily practices or routine life, Most of the case, the offender is liable to face disciplinary action and appropriately penalty which included the dismissal or termination of the service.
Officially, bribery is defined as the corrupt practices which include the gifting, paying, promising and accepting financial or other advantage which induce the improper performance of public activity or performed on behalf or other person in the due course of person employment, business or trade with the expectation of the performance in good faith or trust. There are illustrations of bribery which would mirror the paying or taking of bribe. As the law clearly states that the paying or taking bribe both are judged as the corrupt practices which lead to a criminal activity and whereby both are punishable under the law. In this context, offer or receipt of a good or a service for private use at no charge or minimum charge in order to secure the business, payment from the external source to the some associate to obtain contracts, Payment made to some source to perform improper duties exemplifies the bribery.
Bribery cases are high at rise and worldwide private investigations are conducted comprehensively to curb the rise. Such practices have led to a corrupt environment by taking or paying the finance or other advantages which induces third party to take improper performance of duties. Statistics reveals that since 1990 every year around 1500 individuals are charged with the bribery case and 40 % out of them are from different departments of the government sector, rest all from the other public sector or private institutions and various organizations. These practices are spreading in all the sectors, organizations and infecting the complete society. The genuine or easy going works are obstacled for the want of bribery.
In this direction, governments have conducted a drive to tighten the net upon the bribery offender. Government have brought an anti bribery enforcement to track such defaulters. Department of justice have implemented the policy of Foreign Corrupt Practices Act (FCPA) which issued the guidelines for the violation of FCPA. These acts are applicable to all nations across the world where violators are barred from carrying out any business in that country. In addition the violators are not allowed to get export license and imposed upon heavy penalty.
In general, FCPA prohibits an organization to indulge in the corrupt practices to keep the business up. Securities and Exchange Commission (SEC) together with the department of justice plays the role of chief enforcement agency. The attorney general of SEC bring upon the civil action to enjoin the act or practice of the firm. The SEC may desist orders against a person who violates the anti bribery provisions. Other than FCPA, local private Investigators base in the country assists the criminal law. Under the criminal law, the violator could be fined twice the gross gain or loss, if the victim drives pecuniary gain or loss to another person.
FCPA data shows that every year around a dozen individual are prosecuted. The limitation of FCPA is that it prosecutes only bribe payers case but domestic anti bribery law targets both bribe payer and takers. The conviction rate is around 90% for domestic prosecution. The old backlog of the domestic anti bribery cases on public corruption charges awaited around 473 as compared to 300 of last year.
This revelation depicts that the domestic anti bribery enforcements should be implemented strictly and speedily to clear all backlogs and no case of bribe should come in lights.