Russian Companies Most Likely to Bribe when Doing Business Overseas: Survey

Dec 15th, 2008 • Posted in: News

Transparency International also puts India, Mexico, and China near the bottom of ‘Bribe Index’; Belgium, Canada, and the Netherlands ranked as cleanest

LONDON
A survey of senior business executives has found that Russian companies are the most likely to pay bribes to win business in other countries. India, Mexico, and China also scored poorly in the survey, reports the Moscow News.

The survey of major exporting powers, released last week by watchdog group Transparency International (TI), finds that companies based in emerging markets are the most likely to resort to bribery when doing business abroad, reports the Associated Press.

In India, bribes often are paid to low-level officials to “speed things up,” according to an analysis of the report by the Times of India. This is in contrast to other strategies assessed by TI, including bribing high-ranking officials or improperly using friends and family to gain contracts.

Belgium, Canada, the Netherlands, and Switzerland were identified as the nations least likely to be involved in bribery, reports Radio Switzerland.

TI’s Bribe Payers Index ranks 22 of the world’s wealthiest and economically dominant countries by the likelihood of their firms to bribe abroad, according to the group’s website.

It is based on the observations of 2,742 senior business executives from companies in 26 developed and developing countries, selected on the size of their imports and inflows of foreign direct investment.

TI chair Haguette Labelle said the index “provides evidence that a number of companies from major exporting countries still use bribery to win business abroad, despite awareness of its damaging impact on corporate reputations and ordinary communities.”

Sources: AP, Dec. 12 — Moscow News, Dec. 11 — Times of India, Dec. 11 — Radio Switzerland, Dec. 9.

For more information, see: Related Newsline story, Oct. 27 — Related Newsline story, Oct. 20 — Related Newsline story, Sep. 29 — Related Newsline Commentary, Aug. 4 — Related Newsline story, Aug. 4 — Transparency International website with link to survey.

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3 Responses »

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