Examining The Similarities And Differences Between The Prevention Of Corruption Act, 1988 And Anti-Corruption Laws In United States And Singapore

Bhavya Agrawal, BBA LLB (Hons), Manav Rachna University (Faridabad, Haryana)

ABSTRACT

Corruption is a true enemy to the development. A nation's ability for growth is hampered by corruption, especially with nations having weaker economies like India. A nation's financial, cultural, and social structures are compromised by corruption. This research paper studies a comparative analysis of the Prevention of Corruption Act, 1988 (PCA) in India with the Foreign Corrupt Practices Act (FCPA) in the United States and Corrupt Practices Investigation Bureau (CPIB) in the Singapore. In view of their legal frameworks, enforcement mechanisms and effectiveness in the fight against corruption, the purpose of this paper is to examine the similarities and differences between the PCA and the FCPA & CPIB. This paper aims at understanding the strengths and weaknesses of each approach, as well as identifying potential lessons in

anticorruption policy and practice through a comparative analysis. This paper also evaluates the main provisions of the PCA and FCFA & CPIB, for example definitions of corruption, enforcement procedures, penalties and institutions, using existing literature, studies in law and practice. The paper concludes by discussing the policy suggestions of the findings and advising possibilities for additional research in the field of anti-corruption law and governance.

Keywords: Corruption, Prevention of Corruption Act, Foreign Corrupt Practices Act, Corrupt Practices Investigation Bureau, Comparative Analysis, Anti-corruption Legislation, India, United States, Singapore.