Submitted by christian on Tue, 05/19/2015 - 19:15
There is no globally accepted definition of corruption. Transparency International defines corruption as ‘the abuse of entrusted power for personal gain’. Corruption can be distinguished between 'true corrupt intent' and 'necessary corruption'. True corrupt intent implies bribery or an action to obtain an illicit benefit, whereas necessary corruption occurs to get things done (i.e., to obtain a legally entitled service); facilitation payments fall under this category of corruption. The main forms of corruption are bribery, embezzlement, fraud and extorsion.
