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One in four 'asked to pay bribes' One in four 'asked to pay bribes'
(20 minutes later)
Almost one in four companies has been approached to pay a bribe to win or retain business in the last two years, a survey has indicated.Almost one in four companies has been approached to pay a bribe to win or retain business in the last two years, a survey has indicated.
The survey of 1,186 executives in 33 countries by Ernst & Young also suggests that 18% had lost business to a competitor prepared to pay a bribe.The survey of 1,186 executives in 33 countries by Ernst & Young also suggests that 18% had lost business to a competitor prepared to pay a bribe.
Corrupt practises were perceived to be most prevalent in mining, with fewer instances in energy and banking. Corrupt practices were perceived to be most prevalent in mining, with fewer instances in energy and banking.
Just over a tenth of UK executives said their firm had been asked for a bribe.Just over a tenth of UK executives said their firm had been asked for a bribe.
This compared with 16% in Germany and 10% in France.This compared with 16% in Germany and 10% in France.
"Recommendations of best practice in anti-bribery compliance will require companies to take a much more comprehensive view of the way bribery and corruption affects their business," said John Smart, UK head of fraud investigation at Ernst & Young."Recommendations of best practice in anti-bribery compliance will require companies to take a much more comprehensive view of the way bribery and corruption affects their business," said John Smart, UK head of fraud investigation at Ernst & Young.
Corruption was more widespread outside Europe.Corruption was more widespread outside Europe.
Only 6% of respondents in France and Germany said their organisation had experienced at least one incident of bribery or corruption in the last two years.Only 6% of respondents in France and Germany said their organisation had experienced at least one incident of bribery or corruption in the last two years.
In the UK, this was 13% but still below a global average of 24%.In the UK, this was 13% but still below a global average of 24%.
Almost half of those surveyed in the mining sector said that corrupt practices are prevalent, compared with 31% and 30% in the banking and energy industries.Almost half of those surveyed in the mining sector said that corrupt practices are prevalent, compared with 31% and 30% in the banking and energy industries.