Time to donate India’s “corrupt” funds to charity?

March 25, 2011

If charity is a good thing, what do you do if the funds come from murky, or corrupt, dealings?

Billionaire Warren Buffett speaks during a news conference in New Delhi March 24, 2011. REUTERS/B MathurThe visit of Bill Gates and Warren Buffett has sparked debate in India over whether the country’s new billionaires are giving enough to charity.

If that wasn’t a delicate enough issue, Buffett was asked at a press conference whether foundations should accept money from dubious sources.

Buffett, a straight talker who is one of the world’s richest men, had a simple answer.

“That child who receives that vaccine that saves his life is not going to question the source of that money,” Buffett told a press conference.

A report by U.S.-based research group Global Financial Integrity in November estimated India had lost $462 billion in illegal transfers over the past six decades, with $16 billion illicitly moved overseas each year between 2002 and 2006.

So, if some of those funds end up in charitable foundations, will anyone mind?

Perhaps the government could offer an amnesty for “black money” offenders – in exchange for them donating their illegal proceeds to charity.

2 comments

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EVEN IF SOME ONE GETS MONEY FOR MURDERING SOME ONE FOR MONEY WILL BE ACCEPTABLE TO ONE .
IN INDIA PEOPLE SAY MEHANT KI KAMAI MAY HI BARKAT HAI.
EVEN THE GREAT GURU GOVIND DEV JI MAHARAJ SHOWED THAT THE BREAD WHICH WAS GOT BY EVIL MEANS HAD BLOOD OOZING OUT AND REFUSED THAT ROTI (BREAD) MONEY .
QTS. ARE MANY STILL INDIAN WITH LOTS OF WEALTH WITH FAIR MEANS ARE READY TO DONET FOR GOOD CAUSE MONEY IS ABUNDENT ONLY THE TAKERS AND PEOPLE LIKE Buffett NEED TO ASK FROM GENUINE PEOPLE . KALMADI SAB WEALTH IS TIP OF ICE BERG THOUSANDS OF KALMADIS ARE THEIR WHOM WE KNOW BUT DO NOT WANT TO KNOW.
PLEASE DO NOT ACCEPT SUCH MONEY ASK FOR THE DONATIONS WITH TRUE MIND GOD WILL HELP .
YOU DOING A GREAT WORK WHY TO EYE ON SUCH MONEY??????????????

Posted by gupta128 | Report as abusive

I am a Cardiac Surgeon performing free cardiac surgery for less affluent children as a project Needy Little Hearts under K J Research Foundation, Chennai, India.We not only perform free cardiac surgeries but also their follow up which are free. The data collected are used for improving our results and for research for prevention of heart diseases in children. We have so far performed 146 surgeries.Funds are very hard to get.There are around 400 children waiting for surgery.They may die or become inoperable while waiting for surgery. 2 infants have already died and it is very painful to realize that they could have lived if we had more funds. This knowledge is too painful to bear.As rightly said by Mr Buffet, I do feel that corrupt funds which seem to be plenty can be used to save lives of these children. Rs 1,50,00,000/- can be used to save lives of 200 children. This paltry sum according to illegal standards can save precious lives. How do I make, those in possession of corrupt funds, understand that a small fraction can actually save lives of children 80% of whom can lead a normal life and lifespan.10% can join white collared jobs and 10% can lead a better and a longer life ?

Posted by sreemathi | Report as abusive