On 12 May 2011, India completed the ratification of a United Nations Convention Against Corruption (the Convention). It is the country's first major step towards combating serious corruption charges. Prime Minister Manmohan Singh stated that the Convention had been under active consideration since September 2010 and stated that "the ratification is a reaffirmation of our government's commitment to fight corruption and to undertake vigorously administrative legal reforms to enable our law-enforcement agencies to recover the illicit assets stolen by corrupt practices."
The Convention was adopted by the General Assembly by Resolution 58/4 on 31 October 2003 and it came into force on 14 December 2005. The Convention requires member-countries to cooperate with one another in the fight against corruption, including prevention, investigation and the prosecution of offenders. Countries are also required to undertake measures which will support the tracing, freezing, seizure and confiscation of the proceeds of corruption. An important breakthrough for India will be the agreement on asset-recovery which is stated explicitly as a fundamental principle of the Convention.