20 Dec '12, 5am

Blog: Malaysia is World Champion in Corruption: Malaysia is world champion in corruption Washington, Decembe... #fb

Blog: Malaysia is World Champion in Corruption: Malaysia is world champion in corruption Washington, Decembe... #fb

Despite Malaysia’s high-profile anti-corruption crusade, half of the corporate executives surveyed by a global corruption watchdog believe that competitors have obtained business in the country through bribery. Transparency International said Malaysia scored worst in the 2012 Bribe Payers Survey.It asked nearly 3,000 executives from 30 countries whether they had lost a contract in the past year because competitors paid a bribe, and in Malaysia, 50% of them said ‘yes’. Second on the dubious honor roll was Mexico, which was at 48%. According to the Wall Street Journal, Japan was ranked as the world’s least-corrupt place to do business, with just 2% of respondents saying they had lost out due to bribery. Malaysia’s neighbour Singapore was second-cleanest, which was at 9%. Even Indonesia, with a long-standing reputation for corruption, fared better than more-developed Malaysia...

Full article: http://anwaribrahimblog.com/2012/12/20/malaysia-is-world-...

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