Thursday, October 12, 2006

Third of companies think they have been hit by bribery


A third of international companies think they failed to win new business over the past year because of bribery by their competitors. Half claim to be "totally ignorant" of their countries' laws on foreign corruption.

A survey published today by Control Risks and Simmons & Simmons, the law firm, of 350 companies from Britain, the US, Germany, France, the Netherlands, Brazil and Hong Kongechoes the doubts many executives and anti-corruption campaigners have about the effectiveness of the international crackdown on bribery.

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