Friday, July 22, 2005
Bribery in Russia up tenfold to $316bn in four years
Bribery in Russia has multiplied by a factor of 10 during the past four years, and the amount of money changing hands is now twice the size of federal revenues, according to an independent think-tank.
In a repeat of a survey first carried out in 2001, Indem, an independent think-tank, said corruption had thrived under President Vladimir Putin as bureaucrats and law enforcement agencies were demanding ever higher bribes from businesses and private citizens. Indem calculated that the volume of bribes extracted by various Russian fiscal inspections, police and licensing authorities had reached $316bn (€260bn, £180bn), or 10 times the figure four years ago. The report highlighted the failure of the government to tackle corruption despite Mr Putin's promise to make it a priority.
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