We are not so bad, after all.

"'Promoters of DHFL (Dewan Housing Finance Corp Ltd) siphoned off Rs 33,000 crore in public money through secured and unsecured loans and advances to shell companies, illegal round tripping, tax avoidance and insider trading,' Cobrapost said at a press conference on Tuesday". Huge loans were sanctioned to "proxies and associates" of the promoters Kapil Wadhawan, Aruna Wadhawan, and Dheeraj Wadhawan who used the money to "buy shares/equity and other private assets in India and abroad, including in the UK, Dubai, Sri Lanka, and Mauritius". The government launched an investigation into DHFL, although nothing normally comes from such investigations. Even after confessing to stealing from his company 10 years ago, Ramalinga Raju is still "out on bail and is using his once celebrated entrepreneurial skills to mentor his sons and oversee family businesses". India has more scams than Netflix. A case of money laundering has been registered against former CEO of ICICI Bank Chanda Kocchar. "Allegations of conflict of interest against the CEO first arose in October 2016. At the heart of the scandal was a 32.5 billion rupee ($456 million) loan to Videocon group," wrote A Mukherjee. "For more than a year, the board of directors sat on a whistleblower's complaint." She was sacked after an inquiry by a retired judge found her negligent, and she may have to return over Rs 90 million in bonuses. Kochhar said that she is "utterly, disappointed and shocked", probably aggrieved that she has been caught while others are getting away. "Corporate whistleblowers are India's newest heroes," wrote S Khanna. A report by the Association of Certified Fraud Examiners said that companies lose 5% of annual revenues to fraud, "that collectively these caused more than $7 billion in actual damages" and " that 50% of frauds are detected following tips". Our top investigating agency the Central Bureau of Investigation has been totally discredited after being used by political parties to harass opposition politicians or anyone who protests against the party in power. Though they have little to fear the very rich have are not taking any chances and are buying citizenship of other countries as insurance. Corruption is embedded in our administration as restaurant owners in Bengaluru are finding out. The police actively help the powerful to cover up crimes including murder. Despite all this, India has soared up by 3 places in the global corruption index. Congratulations.