KUALA LUMPUR, June 23 ― Bribery and corruption may be unacceptable practices for Malaysian companies, yet there has been a sharp increase in reported incidences for the past two years.
PricewaterhouseCoopers’s (PwC) Global Economic Crime Survey 2016 found that 30 per cent out of 80 Malaysian companies have experienced bribery and corruption in their daily operations, compared to just 19 per cent in 2014 even as 98 per cent of those polled made it clear to their staff that bribery and corruption are “unacceptable practices.”
“On paper they don’t believe it should be tolerated but on the ground it’s very different.
“The fact that almost all the Malaysian respondents feel that their top management are sending a clear message that they don’t condone such crimes indicates a disconnect between the tone at the top and the reality on the ground,” Sridharan Nair, managing partner of PwC Malaysia told a news conference today. Read more