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OECD slams Britain on failure to fix corruption

Filed in archive corporate crime by leon on August 18, 2008

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More signs that Britain will have a hard time internationally with Organization for Economic Co-operation and Development member-states slamming London's failure to deal with corporate bribery.

The Financial Times reports it has seen a letter from the OECD's anti-bribery working group condemning the British Government for failing to to bring a single overseas bribery case or to deliver on a years-old pledge to update its anti-corruption laws. That's quite a contrast to the US which has filed dozens of corruption cases over the past few decades. Whatever you might say about the nature of the investigation, you can't escape the fact that companies under investigation include Dick Cheney's old company Halliburton.

One of the best examples of London's failure to act is the way the Serious Fraud Office ended its inquiry into whether BAE Systems offered the Saudis bribes in a major contract for fighter jets and arms. That decision was backed by the House of Lords.






Permalink: OECD slams Britain on failure to fix corruption
Tags: OECD  Britain  corruption  2007  corporate  britain+failure  slams+britain  failure+corruption 

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Related Entries:

Business against corruption - 02 June 2006

Shining the light on corruption - 22 August 2006

Global corruption scoreboard - 07 November 2006

Corruption on the rise - 10 December 2007

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