FROM the onset, the British
Empire, initially through the East India Company (EIC), was founded on, and
steeped in, corruption. As the first part of this series showed, Robert Clive,
was among the pioneer of the “Nabob Game”, which enabled the Company’s
employees to garner “power and wealth in India”, largely through “bribery,
extortion, coercion, threats, and force”. It was illegitimate, as also
legitimate, flight of capital from India to Britain. Latest estimates put the
figure at a humungous $45 trillion over two centuries.
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