Thursday, November 24, 2011

Video - China rated most corrupt across all sectors while Nigeria rated most corrupt in oil sector

China has the largest risk of corruption across all industries according to a new report. A US firm has compiled data from global corruption cases under the Foreign Corrupt Practices Act. The act covers foreign companies listed in the US or US companies trading overseas.

China poses the broadest corruption risk across all sectors of any country in the world, according to a new report.

US investigative firm James Mintz Group has complied a report on corruption across the world. It lists penalties that have been paid in bribery cases under the United States' Foreign Corrupt Practices Act by US companies operating overseas or overseas companies listed in the US. The data is presented in an interactive map.

While Nigeria is the country where the highest amount of penalties for bribery have been paid since the Foreign Corrupt Practices Act was introduced in 1977, these cases were mostly limited to the oil industry. Data for China showed penalties for corruption paid across all sectors of the industry—the broadest range of corruption cases in the world.

Here's a link to the interactive map that shows the corruption index.


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