Libya’s Top 5 Corruption Scandals

These allegations clearly suggest that foreign companies were complicit in improper business practices in Libya under the Gaddafi regime and the current investigations underway are commendable. However, Transparency International’s research shows that only four countries (US, UK, Norway, Switzerland) are actively enforcing the OECD Convention against Bribery and it is probable that there are many more cases that have yet to be investigated.

To counteract the lax anti-corruption legal frameworks inside Libya, it is time for enforcement authorities in all countries where companies that conducted business with Libya are based to crack down on corrupt business practices. And when evidence of bribery is found, they should vigorously prosecute it.

(Source: Transparency International)

No comments yet.

Leave a Reply