"Many of the privatizations have been untransparent, and those of the privatizations that have been transparent have met all kinds of obstacles," he said.
But how can the news media castigate other parts of society for being untransparent, divisive or unfair when their own house is so clearly not in order?
One such example is the "untransparent" amendment of the country's criminal code in December 2013.
Some criticisms of the EU's democratic deficit – for example, that it is bureaucratic, untransparent and remote – are partly valid.
That budget is "utterly opaque, untransparent and completely in the shadow" and would benefit from being consolidated and audited from the outside, he said.
"The U.S. has never been able to disinter-mediate the broker, so how is a highly untransparent market like India going to?" Bedi told TechCrunch in an interview.
"The way they go about doing their business is very murky and untransparent," he observed.
In a shamefully undemocratic development system, this is one of the most untransparent forums of the lot.
Using one product to subsidise another is how the banks got into the untransparent state they're in – offering free current accounts and overcharging elsewhere.
In most middle-income countries, corruption is more than just a matter of criminality; it is also the product of an old way of doing politics, one that is unaccountable, untransparent and undemocratic.
