Menu

Corruption Scandal Roils Switzerland

July 30th, 2009

Allegations that a top official may have accepted a bribe shake a nation that prides itself on its clean image.

Forbes

LONDON — A senior Swiss official accepting a $45,000 bribe? The U.S. citizen who made the allegation as he pleaded guilty to hiding money from the U.S. government might just has well have insulted all Swiss grannies.

Switzerland prides itself on its clean image: The country ranks fifth on the 2008 Corruption Perceptions Index of Transparency International, which measures the perceived levels of corruption based on expert assessment and opinion surveys. The country also ranks third in the organization’s Bribe Payers Index, a survey that ranks countries in terms of their tendency to pay bribes abroad, with the least corrupt ranking highest.

Continue reading at Forbes.com

Written by admin

Follow @FinTrCo