The changing business of bribes in India

The latest corruption scam involving a top politician once again throws light on how bribes are being channelled through corporate deals rather than the old transfers of cash. The Central Bureau of Investigation last week said it was looking into an investment by Jindal Steel and Power in a company owned by Dasari Narayana Rao, who was coal minister when the Jindal firm secured a coal block in Jharkhand.

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