Ethics in business assignment

Thus based on above description of the terms asked in question we can clearly see that the fraud is not a small one to be classified as cheating. Nor has the money been taken by forcing someone in an organized racket, hence it is not racketeering. The source of money is the public money collected through taxes ; duties hence it is not pulled out by a deception. The wealth increase is very high and the average increase of 295% is 5 times the average increase of Coo’s salaries in the same period.

Hence it clearly establishes the fact that the money which was meant to be used for public policy execution was misused and redirected to personal property & funds. Also the position of office is used to collect bribes in return of passing favor to specific parties e. G. Colgate scam, 26 scam etc. The property rise Just illustrates increase in their personal assets. Many politicians redirect a huge portion of their corrupt earnings to their relatives & family members.