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Anti-graft activist calls for bankers to face corruption charges

by Luke Balleny | http://www.twitter.com/LBalleny | Thomson Reuters Foundation
Wednesday, 11 January 2012 14:31 GMT

It is “curious” that no senior banker or official in the West has been charged with corruption following the banking crisis of 2008, Kenya’s famous anti-corruption campaigner John Githongo wrote in The Guardian newspaper on Wednesday.

Githongo said that bankers in the West issued loans that they knew could never be repaid because the more loans they issued, the bigger their bonus would be, and he argued that this amounts to the abuse of vested authority for personal gain, a common definition of corruption.

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