Bribery and corruption cost the world economy as much as US$2 trillion every year, money that instead could be used to fight poverty, create jobs, and protect the environment. A new report by the International Monetary Fund says the money lost to corruption every year is 2% of the global GDP.
Foreigners must be stopped from buying UK homes with plundered or laundered cash and a global effort launched to defeat corruption, David Cameron will say in a speech later. Cameron will vow to expose the use of anonymous shell companies to buy luxury UK properties - often in London.
The Organization of American States (OAS), Secretary General, José Miguel Insulza, celebrated International Anti-Corruption Day (December 9) calling on the international community to reaffirm their commitment to fight corruption and to “jointly tackle this problem that affects us all and that we must all work together to solve.”
An estimated one trillion dollars a year is being taken out of poor countries and millions of lives are lost because of corruption, according to campaigners. A report by the anti-poverty organization One says much of the progress made over the past two decades in tackling extreme poverty has been put at risk by corruption and crime.
The world's largest biennial gathering of delegates in the global fight against corruption opened in Panama on Monday with the United Nations top crime fighter warning that the scourge not only hobbles sustainable development but generates other crimes.
From the US capital Washington D.C. to Caracas, people throughout the Americas feel that corruption in sectors of society is on the rise, according to a survey from the watchdog group, Transparency International.
Joao Havelange has quit as FIFA honorary president while Sepp Blatter has been cleared of misconduct in the ISL bribery case, a report by FIFA ethics committee said. The report described the behaviour of Havelange as morally and ethically reproachable in his dealings with ISL, FIFA former marketing partner which went bankrupt in 2001.
Argentine journalist Jorge Lanata who has won Spain’s Television Iris Award, claims that ‘80% of Argentine media is in the hands of government (President Cristina Fernandez)” which are used as “instruments of propaganda”.
Where disregarding the law is normal rather than an aberration, citizens are more likely to see paying a bribe as in their best interest and where obeying the law is the norm and disobeying it constitutes deviant behaviour, citizens are more likely to reject bribery, is one of the foundations for understanding the phenomenon, according to the Americas Barometer Insights in one of its latest papers titled, “tolerance of bribery and violation of the law”.
A hacker in Brazil has published sensitive personal data of politicians convicted during a major corruption trial known as the Mensalao. Jose Genoino, Jose Dirceu and Delubio Soares have had address, phone numbers, emails and other details exposed.