Singapore is one of the least corrupt countries in the world

A fact under the topic Corruption in Singapore
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Situated in a region where corruption is sometimes a part of life, it's notable that Singapore scores as well as it does in the international rankings for corruption, currently number five on the list of least corrupt countries in the world.

Most Singaporeans praise the Republic's first and long-serving prime minister, Lee Kuan Yew, for building an environment almost free of corruption. But several years before Mr Lee took office, Singapore decided to fight corruption by establishing the Corrupt Practices Investigation Bureau in 1952 in order to attract foreign businesses to invest in their land.

Today, when it comes to any kind of corruption the country doesn't distinguish between white or blue collar crime. It tries all cases according to Singapore's stringent penal code, with long-term jail terms and large fines up to 100,000 Singapore dollars (£50,000).

Singapore also keeps the salaries of politicians and civil servants high in order to repress economic incentive to engage in corrupt activity.


Sources

http://www.bbc.com/news/world-asia-24428567


dsalunga

Posted 7 years ago | Edited 7 years ago