Top bosses aware of most foreign bribes: OECD

Most international bribes are paid by large firms with the knowledge of senior management, the OECD said Tuesday, after analysing hundreds of prosecuted cases spanning a quarter century and worth a total of $5.9 billion. "Corporate leadership is involved, or at least aware, of the practice of foreign bribery in most cases, rebutting perceptions of bribery as an act of rogue employees," the club of wealthy nations said in a report.
The report analyses 427 cases involving the 41 signatories to the OECD Anti-Bribery Convention since it took effect in 1999. "Given the complexity and concealed nature of corrupt transactions, this is without doubt the mere tip of the iceberg," the report said.