Corruption in Asia only getting worse: EY survey
7 years, 10 months ago

Corruption in Asia only getting worse: EY survey

Live Mint  

Hong Kong: Just as China embarks on a massive Silk Road development funding initiative, a survey of business practices suggests corruption in Asia is only getting worse, adding potential potholes to new deals. Despite anti-graft initiatives under way from China to India, the survey by EY—formerly known as Ernst & Young—found that “ethical standards are not improving.” Some 63% of respondents said that bribery or corrupt practices “happen widely” in their country, up from 60% in 2015. “Compliance policies may be in place but, under pressure to deliver growth, some senior managers are ignoring unethical actions to achieve corporate targets,” Chris Fordham, the EY Asia Pacific leader for fraud investigation and dispute services, wrote in a report. “To detect unethical behaviour with fewer resources, companies need to harness technology including, forensic data analytics.” Perhaps most alarming, the survey suggested that the up-and-coming generation may have looser ethics than veteran staff.

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History of this topic

India has highest incidence of bribery in Asia Pacific: Transparency International Survey – Firstpost
8 years ago

India has highest incidence of bribery in Asia Pacific: Transparency International Survey – Firstpost

Firstpost  

Transparency International survey says 69% in India said they had to pay bribe to get public services. Japan had the lowest incidence of bribery in the region: 0.2% Berlin/New Delhi: India has got the dubious distinction of having the highest bribery rate in the Asia Pacific, with a survey showing that more than two-thirds of Indians had to pay ‘tea …

India has highest incidence of bribery in Asia Pacific: Survey
8 years ago

India has highest incidence of bribery in Asia Pacific: Survey

Live Mint  

New Delhi: Over 900 million people–one in four–across the 16 nations in the Asia Pacific region paid a bribe in the past year when trying to access basic services like education or healthcare. Among them India has the highest bribery rate of 69%, said a survey released by anti-graft Transparency International on Tuesday. For the survey, TI spoke to 21,861 …

66% of businesses believe in some form of bribery: Survey | IndiaTV News
9 years, 10 months ago

66% of businesses believe in some form of bribery: Survey | IndiaTV News

India TV News  

Mumbai: A whopping 66 per cent of businesses in the country believe that some form of bribery is acceptable, in spite of increased regulatory actions and public outcry against corruption, according to a survey. As many as 80 per cent believe that corruption is still widespread, with 52 per cent saying offering gifts to win businesses is "justifiable to help …

Avoiding risk of corporate bribery[1]- Chinadaily.com.cn
11 years ago

Avoiding risk of corporate bribery[1]- Chinadaily.com.cn

China Daily  

Zhang Chengliang / China Daily Companies around the world need to set up more effective anti-corruption procedures With almost daily reports of political and corporate corruption in the world media, you have to ask whether companies are taking sufficient steps to minimize the global risk of bribery. The survey, which involved senior legal and compliance officers from more than 300 …

New study reveals corruption pattern[1]
11 years, 7 months ago

New study reveals corruption pattern[1]

China Daily  

New study reveals corruption pattern Updated: 2013-08-22 08:02 By Tang Yue, Zhang Yuchen and Wu Wencong Many fallen officials had occupied high-level posts, report Tang Yue, Zhang Yuchen and Wu Wencong. In a study on corruption that surveyed 103 fallen senior officials, Tian Guoliang, a professor at the CPC's Central Party School, has identified a pattern of criminality that reveals …

Multinationals under scrutiny for corruption
14 years, 6 months ago

Multinationals under scrutiny for corruption

China Daily  

进入英语学习论坛下载音频 去听写专区一展身手 Multinationals used to securing business deals through bribery will have more to worry about after Chinese and United States officials meet in early September to talk about the prevention and punishment of transnational corruption. The two countries seem a perfect partnership since China is where business bribery has been deep-rooted and rampant while the US has had the …

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