Talking about corruption | BusinessMirror Editorial
Perhaps the first written record of corruption comes from Egypt about 4000 years ago. “The Eloquent Peasant” is a story from ancient Egypt that tells the story of Khun-Anup whose donkeys and property are “confiscated” by Nemtynakht, a subordinate of the great steward.
Khun-Anup files a complaint. However, the mayor and the magistrates let Nemtynakht free. Khun-Anup told the mayor that the magistrates were bribed and “Your [the mayor’s] serving – a jug of beer and three breads – is in your house. The magistrates give and you take.
The historical examples of corruption are endless, with Great Wall guards bribed to allow raiders to enter New York Democratic Party leader William “Boss” Tweed. Tweed has already bought 300 park benches for $ 5 each, then sold them to the city for $ 600 apiece. Tweed’s illicit profits are said to be in the order of $ 200 million and that was in 1860s dollar value.
Transparency International repeatedly ranks Bangladesh among the most corrupt nations in the world. You pay the postman to collect your mail; doctors take bribes to dispense drugs, and even electric meter readers get their hands greased to keep their energy bills low.
Some bribes paid abroad were technically tax deductible for German companies until 1999. They could simply classify them as “useful expenses”, if these expenses were not incurred in Germany and none foreign public official was not involved. In the Philippines, companies report these expenses as “entertainment expenses”.
Authorities estimate that more than $ 4 billion was embezzled in one of the world’s biggest corruption schemes of 1MDB, a Malaysian development fund, chaired by former Prime Minister Najib Razak, who was sentenced to 70 years in prison. He is on bail pending his appeal.
The World Bank Ease of To do business index has been published since 2003 and is closely watched around the world. After all, this is a World Bank study. Who would question its validity?
The World Bank announced last week that it would end the To do business report. Chinese officials in 2017 and 2018 were eager to see their rankings improve, then World Bank President Jim Yong Kim and Kristalina Georgieva [the Bank’s CEO] held a series of meetings to discuss ways to change the report’s methodology to improve China’s ranking, according to law firm WilmerHale’s investigative report. The World Bank was in negotiations to receive a capital increase of $ 13 billion. Beijing was eager to see its power increase as part of a deal for more funding. “
But there is nothing like “Onli in da Pilipins.” The UK Good Law Project has revealed that the four companies awarded Covid-related contracts via the ‘VIP route’. “P14 Medical, led by a Conservative (ruling party) adviser has received £ 276million in PPE contracts. Meller Designs, run by a large Conservative donor, has received over £ 160million in PPE contracts. Luxe Lifestyle was awarded a £ 26million contract despite its appearance of insolvency and without any employees. Clandeboye Agencies, registered as a ‘wholesaler of sugar, chocolate and confectionery’ has won £ 108million in PPE contracts.
As the election season progresses – and not just in the Philippines – candidates are pulling out their “I am not corrupt, but my opponent is” playbook.
For example: Jimmy Morales, a Guatemalan comedian, was elected president in 2016 on the slogan “Neither corrupt nor thief”. In January 2017, Morales ‘brother and close advisor, and one of Morales’ sons were arrested on charges of corruption and money laundering. Morales returned $ 60,000 in “non-illegal” monthly bounties from the Department of Defense.
“The vice of greed is a serious disease with no cure,” said Ptah-Hotep, a former Egyptian vizier in the late 25th century BC.