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Tuesday, February 06, 2007

Anti-corruption initiatives – Regulation = corruption?

While engineering giant Siemens has been rocked by bribery scandals, other firms are making progress to stamp the practice out.

After Italian prosecutors found evidence of murky payments used to secure a telecoms contract in the mid-1990s, a web of secret bank accounts and slush funds began to untangle itself, exposing illicit payments as far afield as Nigeria and Russia.

Anti-corruption initiatives – Regulation = corruption?

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