Rise in prosecutions makes it harder to get away with foreign bribery
Laws forbidding companies from bribing abroad to win contracts or dodge local regulations have resulted in rising prosecutions, anti-corruption group Transparency International said in a new report today.
The report, Exporting Corruption? Country Enforcement of the OECD Anti-Bribery Convention. Progress Report 2012, shows that bribery charges increasingly lead to fines, jail time and reputational damage. With 144 new cases in 2011, the total number of cases prosecuted by 37 major exporters rose from 564 at the end of 2010 to 708 at the end of 2011, with a further 286 investigations ongoing.