Whistleblower awards INDIA VS AMERICA, Whistleblower Award is given to the person or group who give information about illegal, corruption transaction information to government authority, in return the informant awarded with price for doing public good.
Huge corruption in the departments both government or private will never put Lifting out of poverty to the nation, the nation trigger to negative cycle.
In this short article, difference between government and it’s agencies action against corruption, of two big democracy of the world, one is India and another is USA.
In USA there is a agency which scrutinize the transaction of capital and security market, that is SEC Security and exchange commission which award whistleblowers.
The Commission is authorized to provide monetary awards to eligible individuals who come forward with high-quality original information, It has awarded upto amount more than $2.3 billion.
Satendra dubey IES Award bullet vs USA employee of Merrill Lynch dollars
The story of corruption information is some how same but the award is different one got bullet in India and other got millions of dollars in USA.
USA employee of Merrill Lynch a major American bank, they told US security and exchange commission something very important.
They told that Merrill Lynch was misusing customers cash, it was holding up to $58 billions a day(2009 to 2015) in an account when thhe law requires that money safely in reserve.
Securities exchange and commission investigate this and find Merrill Lynch $415 millions, it doesn’t just end here and something remarkable happen.
SEC paid those 3 employee a reward who expose this, 2 of the employee they shared nearly $50 millions 3rd nearly receive more than $33 million on his own. This is not just on unusual case by the end of 2023 SEC had paid almost $2 billion total to nearly 400 different whistleblowers.
In India there was an IES officer named Satendra Dubey who expose real corruption on government project and he got award as bullet.
In America an employee who expose fraud can become multi millionaire, legally publicly with government protection of their identity if they want.
If you think about it they similar act they both exposes wrong doing for the public good, but here you have tale of 2 countries one pays and another kills.
Reference idea:- Naman shrivastava sir youtube channel https://www.newyorksecuritieslawyerblog.com/three-whistleblowers-awarded-83-million-connection-merrill-lynch-sec-fine/