Indian, Chinese companies most likely to offer bribes

Indian, Chinese companies most likely to offer bribes

Berlin: Indian, Russian, Chinese and Mexican firms are most likely to offer bribes when doing business abroad, the anti-graft watchdog Transparency International said in a report released on Tuesday.

In a survey of 22 international and regional exporting countries, Russian firms ranked as most likely to resort to bribery, scoring 5.9 out of a very clean 10, the organization said.

Also See Bribe Master (Graphic)

The 2008 Bribe Payers Index also suggested that firms from China (6.5), Mexico (6.6), and India (6.8) were next on the list of countries most likely to offer graft.

The Berlin-based organization said Belgium and Canada (8.8) shared first place for firms least likely to offer bribes abroad. The Netherlands and Switzerland shared third place, each with a score of 8.7.

They were followed by Germany, Britain, and Japan, all three with 8.6.

Firms involved in public works and construction, and those dealing in real estate, oil and gas, heavy manufacturing and mining were seen as most likely to offer bribes to public officials.

The cleanest sectors were identified as information technology, fisheries, along with banking and finance. But banking and finance were seen as more likely than many to seek to exert undue influence on policymaking.

Transparency chair Huguette Labelle said the index provided evidence “that a number of companies from major exporting countries still use bribery to win business abroad."

The 2008 index surveyed 22 countries involved in 75% of total exports worldwide. Answers were gathered from 2,742 senior business executives from companies in 26 developed and developing countries, chosen for their volume of imports and direct foreign investments.