Indian companies are the most corrupt apparently

GoanCanuck · Oct 5th, 2006, 13:02

Leading exporters undermine development with dirty business overseas

Overseas bribery by companies from the world’s export giants is still common, despite the existence of international anti-bribery laws criminalising this practice, according to the Transparency International 2006 Bribe Payers Index (BPI), the most comprehensive survey of its kind to date.

The BPI looks at the propensity of companies from 30 leading exporting countries to bribe abroad. Companies from the wealthiest countries generally rank in the top half of the Index, but still routinely pay bribes, particularly in developing economies. Companies from emerging export powers India, China and Russia rank among the worst. In the case of China and other emerging export powers, efforts to strengthen domestic anti-corruption activities have failed to extend abroad.

http://www.transparency.org/news_roo...10_04_bpi_2006

crvlvr · Oct 6th, 2006, 00:32

I think this survey would be more meaningful if they indicated which govt's were most corrupt. Lets say China exports a lot of goods to USA (and they do) and have to bribe the US govt. The survey only counts what China bribes the US govt and not what the US companies bribe the US govt.

Nick-H · Oct 6th, 2006, 01:16

Well quite.

Who's at fault? the bribers? or the people who accept, or perhaps demand the bribes?

This report seems very one-sided.

cyberhippie · Oct 6th, 2006, 01:18

Oh don't get me started on business (any business, anywhere) and corruption

Nick-H · Oct 6th, 2006, 01:53

The company I worked for in London had a number of European branches, including one in Italy.

It was necessary and customary for the Italian branch to pay bribes to various officials. This, naturally (for Italy), was entered as business expense.

But the company's accounts had to be consolidated in UK.

Bribes? A deductable business expense? The British Inland Revenue didn't like that idea at all! Oh, dear me, no...

GoanCanuck · Oct 19th, 2006, 13:20

CII seeks national debate on graft

John Satish K / New Delhi October 19, 2006

The Confederation of Indian Industry (CII) has roped in Infosys Chief Mentor NR Narayana Murthy to head its campaign against corruption.

To be kicked off in Bangalore tomorrow, the campaign, Integrity India, a brainchild of CII President R Seshasayee, aims to launch a national debate on the widespread corruption in all spheres of economic activity.

India this year earned the dubious distinction of being the most corrupt exporting nation in Transparency International’s Bribe Payers’ Index.
http://www.business-standard.com/com...262326&chkFlg=

capt_mahajan · Oct 19th, 2006, 14:49

Quote:

Originally Posted by Nick-H

Bribes? A deductable business expense?

Some euphemisms I have seen in use around the world for bribes:

representation to officials
entertainment
transport expenses
victualling (I know somebody who found it hard to explain 2000 dollars worth of "victualling" in Cambodia)

and the best of them all
miscellaneous business expenses.

Oct 5th, 2006, 13:02	#1
GoanCanuck Maha Guru Member Join Date: Oct 2004 Location: Vancouver Posts: 3,119	Indian companies are the most corrupt apparently Leading exporters undermine development with dirty business overseas Overseas bribery by companies from the world’s export giants is still common, despite the existence of international anti-bribery laws criminalising this practice, according to the Transparency International 2006 Bribe Payers Index (BPI), the most comprehensive survey of its kind to date. The BPI looks at the propensity of companies from 30 leading exporting countries to bribe abroad. Companies from the wealthiest countries generally rank in the top half of the Index, but still routinely pay bribes, particularly in developing economies. Companies from emerging export powers India, China and Russia rank among the worst. In the case of China and other emerging export powers, efforts to strengthen domestic anti-corruption activities have failed to extend abroad. http://www.transparency.org/news_roo...10_04_bpi_2006

Oct 6th, 2006, 01:16	#3
Nick-H Loud-mouthed, Noisy Bird Join Date: Oct 2004 Location: Chennai, India Posts: 27,763	Well quite. Who's at fault? the bribers? or the people who accept, or perhaps demand the bribes? This report seems very one-sided. __________________ . Just one member of the IndiaMike Mod Team

Oct 19th, 2006, 13:20	#6
GoanCanuck Maha Guru Member Join Date: Oct 2004 Location: Vancouver Posts: 3,119	CII seeks national debate on graft CII seeks national debate on graft John Satish K / New Delhi October 19, 2006 The Confederation of Indian Industry (CII) has roped in Infosys Chief Mentor NR Narayana Murthy to head its campaign against corruption. To be kicked off in Bangalore tomorrow, the campaign, Integrity India, a brainchild of CII President R Seshasayee, aims to launch a national debate on the widespread corruption in all spheres of economic activity. India this year earned the dubious distinction of being the most corrupt exporting nation in Transparency International’s Bribe Payers’ Index. http://www.business-standard.com/com...262326&chkFlg=

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Tour companies for Indian Himalaya trip?	D.B.	Trekking and Mountaineering in India	7	Oct 3rd, 2006 05:31
Kerala is the least corrupt while Bihar is the most	GoanCanuck	Chai and Chat	6	Oct 21st, 2005 03:56
Are Indians corrupt?	ami	Chai and Chat	31	Jan 13th, 2005 18:24
Challenge - The Least Corrupt Indian State	mira4bai4	Chai and Chat	7	Dec 18th, 2004 09:11

Oct 6th, 2006, 00:32	#2
crvlvr Guru Join Date: Sep 2004 Location: Hollywood Posts: 4,509	I think this survey would be more meaningful if they indicated which govt's were most corrupt. Lets say China exports a lot of goods to USA (and they do) and have to bribe the US govt. The survey only counts what China bribes the US govt and not what the US companies bribe the US govt.

Oct 6th, 2006, 01:18	#4
cyberhippie Account Closed by User's Request Join Date: Jul 2002 Location: the Netherlands Posts: 6,012	Oh don't get me started on business (any business, anywhere) and corruption

Oct 6th, 2006, 01:53	#5
Nick-H Loud-mouthed, Noisy Bird Join Date: Oct 2004 Location: Chennai, India Posts: 27,763	The company I worked for in London had a number of European branches, including one in Italy. It was necessary and customary for the Italian branch to pay bribes to various officials. This, naturally (for Italy), was entered as business expense. But the company's accounts had to be consolidated in UK. Bribes? A deductable business expense? The British Inland Revenue didn't like that idea at all! Oh, dear me, no...

User Name		Remember Me?
Password