Bribery and Corruption

In a world where all public records are stored on an immutable ledger, it would be difficult to be a corrupt government official.

https://cointelegraph.com/news/bribery-gets-blocked-stamping-out-corruption-with-blockchain-tech

Bribery and corruption are endemic across the globe, a statement borne out by reams of irrefutable data, as well as persuasive anecdotal evidence. Sadly, and probably inevitably, during extraordinary events, such as natural disasters, wars and pandemics, such behaviours can spike.

Merseyside Police have arrested five people in connection with a bribery and corruption investigation which saw local developer Elliot Lawless arrested last December.

While bribery can provide companies with major short-term gains—increasing their value by up to nine times, in some cases—there is little evidence to support many other strongly held beliefs surrounding the “return on investment,” according to new academic research.

https://www.complianceweek.com/anti-bribery/benefits-of-bribery-new-study-separates-fact-from-fiction/29431.article#.X14JVcRM0Kc.twitter

Four of the UK’s biggest listed builders are facing action over mis-selling leasehold homes

Three people - including a woman from Birmingham - have been arrested in connection with modern slavery and drugs offence.

Most residents don’t have money for repairs, making them vulnerable to corruption schemes.

https://foreignpolicy.com/2020/08/24/how-beirut-blast-enrich-lebanese-elites/

The former chief executives of Finablr and NMC Health are among a group of 17 people who are claimed to have embezzled millions of UAE dirhams from the firms, the Sunday Telegraph reported today.

You have to hand it to Sajid Javid. Six months ago, the MP for Bromsgrove was on his uppers, having stormed out of Number 11 Downing St after refusing Dominic Cummings’s diktat to sack his advisers.

 https://www.theguardian.com/commentisfree/2020/aug/21/reek-corruption-british-politics-discontent-democracy?CMP=share_btn_tw

With a one trillion dollars in available lending capacity since the outbreak of COVID-19, the IMF has played a leading role in mitigating the economic impacts of the pandemic. To date, the Fund has made available, through its various lending facilities and debt service relief initiatives, more than US$83 billion to more than 80 countries.