Skip to comments.Report: Bribe money for contracts not prosecuted enough in European Union
Posted on 09/10/2012 6:19:35 PM PDT by Olog-hai
Obtaining lucrative contracts in Europe by companies or individuals still involves, in some cases, bribing foreign public officials.
The prosecution and investigation into such illicit acts has improved somewhat when compared to previous years, according to a report released on Thursday (6 September) by the Berlin-based NGO Transparency International (TI).
TI looked at laws dealing with corruption, money laundering, tax evasion, fraud, or violations of accounting and disclosure requirements. The report did not look at cases involving domestic companies and their respective public officials.
(Excerpt) Read more at euobserver.com ...
In the USA, they simply pay/influence local regulatory offices to keep small competition (e.g., owner-builders, small shops) from doing anything.