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Sify Home >> Finance >> Others >> Chinese and Russian firms fare worst, Indian firms most improved in bribery index

Chinese and Russian firms fare worst, Indian firms most improved in bribery index

Anna Hazare
At the bottom

Chinese and Russian firms are the most likely to pay bribes while operating abroad, and the most corrupt sectors are public works contracts and construction, according to Transparency International's latest "Bribe Payers' index".

China and Russia rank bottom, in 27th and 28th place respectively, in the 2011 index released on Wednesday, while the Dutch, Swiss, Belgians, Germans and Japanese get the top scores.

"In their meeting in Cannes this week, G20 governments must tackle foreign bribery as a matter of urgency," said Huguette Labelle of Transparency International in a statement.

"It is of particular concern that China and Russia are at the bottom of the index," it said, citing their increasing global presence, especially in oil and gas in Russia's case and China's investments in infrastructure and mining, in particular in Africa.

Text: Reuters

Reuters Images




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