New Delhi, April 11: Facing criticism from various quarters,
India, which had signed the UN Convention Against Corruption in
2005, may finally ratify it.
The issue has acquired greater urgency and importance in the wake
of the series of scams that had come to light recently, and reports
of the ill-gotten wealth safely parked in foreign banks.
“The ratification process was currently underway and was likely
to be completed soon,” Ministry of External Affairs spokesperson
Vishnu Prakash said here today.
India is only one of the few countries that have not ratified
the Convention.
The MEA has been pushing the government to ratify it, but so far
the Government had not shown any activeness to do so.
Legal experts say that had India signed the convention, it would
have been easy for it to bring back the massive amount of black money
parked in foreign banks.
Article 51 of the UN Convention provides for the return of
assets to countries of origin as its fundamental principle.
-Agencies