Warning of stimulus cash paying for bribes
June 22nd, 2009
June 22nd, 2009
Financial Times
More than $500bn in global economic stimulus spending could be lost to wasteful and fraudulent procurement practices ranging from bribery to selecting less efficient service providers, according to a report on Monday by Kroll, the world’s leading risk consultancy.
Governments have promised to spend $5,000bn (€3,587bn, £3,026bn) to jump-start their economies. But many of them – and the companies they deal with – have reduced spending on compliance and control functions as part of larger cost-cutting measures.
Continue reading the article at FT.com…
RT @Magda_Sepul: @icrict members, we sent this letter to @antonioguterres regarding #TaxJustice 👇🏼
- Monday Mar 20 - 8:08pm