84 Percent Of Indian Business Pay Bribes
March 20, 2008 by Arun Pal Singh · Leave a Comment
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A new report on fraud has now confirmed what we all knew. More than 84 percent of the respondents in a survey have said that business in India pay bribes or facilitation payments to get their work done.
More than 60 percent of the executives who replied said that their companies experienced fraud in the last two years.
This figure has risen significantly from just 39 percent in its last survey in 2006. Read more
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Tags: bribe payers index, bribes, foreign corrupt practices act, fraud, kpmg, prevention of corruption act