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ON THE MONEY TRAIL: Corruption in the news - Oct. 17

by TrustLaw | Thomson Reuters Foundation
Wednesday, 17 October 2012 16:54 GMT

A daily scrapbook of stories from major news media on corruption, bribery and financial crimes

NEW YORK - About one in 10 companies said they were affected by corruption and bribery in 2012,  significantly fewer than in 2011, according to a new survey by Kroll Advisory Solutions reported in the Wall Street Journal. The survey found that 11 percent of companies reported being affected by bribery and corruption over the last year, down from 19 percent in 2011. Overall, the proportion of companies saying their exposure to fraud had increased in the last year fell to 63 percent from 80 percent. 

HONG KONG — Hong Kong’s anti-corruption watchdog charged a former government secretary with fraud over a housing scandal that erupted days after he was appointed, the Associated Press reports.  The ICAC said former Secretary for Development Mak Chai-Kwong and Assistant Director of the Highways Department Tsang King-man face a joint charge of conspiracy to defraud the government of 700,000 Hong Kong dollars ($90,000).

MAZAR-E SHARIF, Afghanistan — The mayor of Mazar-e Sharif was speaking about tackling corruption when an elderly man interrupted. "If you want to fight corruption, the greatest corruption exists in your own administration," said Nek Baba. "You should reform yourself first." He was speaking at a "corruption awareness workshop," hosted by the municipal government, the McClatchy-Tribune news service reported.  

MONTREAL - Fresh evidence of corruption in Quebec has triggered two sudden resignations and a panicked plea for an official inquiry from the former governing party that called the probe against its own political judgment, The Globe and Mail reported. 

NEW DELHI — India’s anti-corruption campaigners have exploded back into life by exposing a series of scams that have blown the cover on the cozy relationship between politicians, bureaucrats and big business, the Washington Post reports.  

JOHANNESBURG - Week after week, South African Sunday papers lead with stomach-turning stories of misspending of taxpayers’ money, corruption and political intrigues, IOL news reports. But one thing that can terrify the middle class is a headline story that the highly respected Public Protector Thuli Madonsela is under attack.

RAWALPINDI - Dozens of Rawalpindi Cantonment Board (RCB) staffers beat up a journalist after he noticed some of the staffers taking bribes from vendors and push-cart owners, the Nation newspaper reported. 

 

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