Don't treat all decisions as malicious: FM to probe agencies
November 15, 2013 13:49
In a message to the investigative authorities, Finance Minister P Chidambaram today asked them not to question all decisions as the business cannot survive if everything is treated as "motivated or malicious".
"No business can survive and person can take a decision if every decision is questioned as motivated or malicious," he said, while assuring the bankers that government will protect them for bonafide decisions keeping in view the prevailing facts and circumstances.
"Some of these decisions in retrospect after lapse of few years may turn out to be poor decisions, he said, adding "but if authorities begin to question every decision and attribute a motive and attribute criminal intent and describe it as a crime, I think that would be most dangerous decision that authorities can take. I would strongly advise that is not the approach to adopt".
He said this while addressing Bancon 2013, a conference of the bankers and economists in Mumbai.
"No business can survive and person can take a decision if every decision is questioned as motivated or malicious," he said, while assuring the bankers that government will protect them for bonafide decisions keeping in view the prevailing facts and circumstances.
"Some of these decisions in retrospect after lapse of few years may turn out to be poor decisions, he said, adding "but if authorities begin to question every decision and attribute a motive and attribute criminal intent and describe it as a crime, I think that would be most dangerous decision that authorities can take. I would strongly advise that is not the approach to adopt".
He said this while addressing Bancon 2013, a conference of the bankers and economists in Mumbai.
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