Malaysia one of the most corrupt nations

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corruption-ey-surveyMalaysia has been ranked as one of the most corrupt nations in a recent survey by consultancy Ernst & Young. Malaysia, along with China, has the highest levels of bribery and corruption anywhere in the world, according to the Asia-Pacific Fraud Survey Report Series 2013.

The survey polled 681 executives in China, Singapore, Australia, New Zealand, Indonesia, Vietnam, Malaysia and South Korea. About half of the 681 executives polled on their perception of fraud felt that China, Indonesia, Malaysia and Vietnam were the worst in bribery and corruption. Those polled were employed at corporations with a turnover in excess of $500 million, ranging from the industrial sector to financial services, retail and natural resources.

About 39 per cent of respondents said that bribery or corrupt practices happened widely in Malaysia, a figure which is nearly double the Asia-Pacific average of 21 per cent. In addition, 29 per cent of respondents said that bribery or corrupt practices here have increased due to tough economic times and increased competition, which is the third highest among the countries surveyed.

Ernst & Young found that 4 per cent of the respondents “agreed” or “strongly agreed” that it was all right to offer cash payments to win business.

Prime Minister Datuk Seri Najib Razak has staked his premiership on six National Key Result Areas (NKRA), of which “Reducing Corruption” was one of the most important. In 2011, the government’s Performance Management and Delivery Unit (Pemandu) boasted that the initiatives taken have shown “tremendous results in eradicating corruption.”

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Malaysia has been ranked as one of the most corrupt nations in a recent survey by consultancy Ernst & Young. Malaysia, along with China, has the highest levels of bribery and corruption anywhere in the world, according to the Asia-Pacific Fraud Survey Report Series 2013. The survey polled 681 executives in China, Singapore, Australia, New Zealand, Indonesia, Vietnam, Malaysia and South Korea. About half of the 681 executives polled on their perception of fraud felt that China, Indonesia, Malaysia and Vietnam were the worst in bribery and corruption. Those polled were employed at corporations with a turnover in excess of...

Reading Time: 1 minute

corruption-ey-surveyMalaysia has been ranked as one of the most corrupt nations in a recent survey by consultancy Ernst & Young. Malaysia, along with China, has the highest levels of bribery and corruption anywhere in the world, according to the Asia-Pacific Fraud Survey Report Series 2013.

The survey polled 681 executives in China, Singapore, Australia, New Zealand, Indonesia, Vietnam, Malaysia and South Korea. About half of the 681 executives polled on their perception of fraud felt that China, Indonesia, Malaysia and Vietnam were the worst in bribery and corruption. Those polled were employed at corporations with a turnover in excess of $500 million, ranging from the industrial sector to financial services, retail and natural resources.

About 39 per cent of respondents said that bribery or corrupt practices happened widely in Malaysia, a figure which is nearly double the Asia-Pacific average of 21 per cent. In addition, 29 per cent of respondents said that bribery or corrupt practices here have increased due to tough economic times and increased competition, which is the third highest among the countries surveyed.

Ernst & Young found that 4 per cent of the respondents “agreed” or “strongly agreed” that it was all right to offer cash payments to win business.

Prime Minister Datuk Seri Najib Razak has staked his premiership on six National Key Result Areas (NKRA), of which “Reducing Corruption” was one of the most important. In 2011, the government’s Performance Management and Delivery Unit (Pemandu) boasted that the initiatives taken have shown “tremendous results in eradicating corruption.”

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