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Govindraj Ethiraj: Two faces of corporate dishonesty

The only unfortunate moral of the story is that do what you have to do but don't get caught

A businessman I met at an industry body gathering a few years ago narrated this distinction between giving a bribe and paying ‘speed money’. “A bribe is payment to a government officer for doing something he should not do and speed money is payment for doing something he should.” The discussion was to do with logistics in general and the specific challenges of clearing goods through the log-jammed ports. I tried arguing, for a moment, about the greater good about not doling out speed money to keep the system clean and transparent. I gave up when I heard a senior ...