Friday, October 17, 2008

OECD report attacks British failure to tackle corporate bribery and corruption

By Russell Hotten Last Updated: 12:01PM BST 17 Oct 2008

Britain's failure to tackle corporate bribery and corruption allegations was severely criticised in a report started after the Government blocked an investigation into a huge arms deal between BAE Systems and Saudi Arabia.
The Organisation for Economic Cooperation and Development said it was "disappointed and seriously concerned about the UK's continued failure to address deficiencies in its laws on bribery of foreign public officials and on corporate liability for foreign bribery".
Compiled by the OECD's anti-corruption working group, the report said that British law makes it "very difficult for prosecutors to bring an effective case against a company for alleged bribery offences".
And the Government was slated for its failure to successfully prosecute a single firm for bribery, despite ratifying the body's anti-bribery convention 10 years ago

No comments: