In charts: Why the West is worst than the developed world for making multi-million corporate bribes
http://www.oecd.org/daf/anti-bribery/scale-of-international-bribery-laid-bare-by-new-oecd-report.htm
Bribes are generally paid to win contracts from state-owned or controlled companies in advanced economies, rather than in the developing world.
The Paris-based think tank, which examined 400 deals over the past 15 years, found that the average bribe was worth almost $14m (£8.9m) – typically 11 per cent of the value of the transaction.
Almost two-thirds of cases were in just four sectors: extractive (19 per cent), construction (15 per cent), transportation and storage (15 per cent) and information and communication (10 per cent).
OECD Secretary-General Angel Gurría:
Corruption undermines growth and development. The corrupt must be brought to justice.
The prevention of business crime should be at the centre of corporate governance. At the same time, public procurement needs to become synonymous with integrity, transparency and accountability
. Chart: monetary compensation
. Chart: which sectors is bribing
. most common punishment
. bribes as a percentage of the transaciton value per sector
No. of foreign bribes sanctioned per country:
Of the 427 cases the OECD studied, the majority of bribes paid abroad were not paid to public officials from developing countries.
The report said: "There could be many reasons for this outcome, including that countries with higher levels of human development may have
Penalties:
Most corruption cases result in the guilty party paying a civil or criminal penalty.
The biggest monetary sanction imposed in a single case totals €1.8bn.
The highest combined prison sentence for a case involving conspiracy to commit foreign bribery to date is 13 years.
However: "It is important to bear in mind the substantial cost of foreign bribery enforcement actions that either cannot be quantified in monetary terms or do not constitute official sanctions, such as: reputational damage and loss of trust by employees, clients and consumers; legal fees; monitorships; and remedial action within the company.
Here is the total imposed in monetary sanctions (fine, confiscation and compensation) over time: