nsb

Dec 23, 2016

CIABOC calls on company officials to desist from bribing

Sri Lanka’s anti-graft commission solicits the support of the private sector to tackle the wide spread corruption that impedes the economic development of the country.

Public sector corruption, including bribery of public officials, remains a significant challenge for firms operating in Sri Lanka. The country has generally adequate laws and regulations to combat corruption but enforcement is weak and inconsistent.

Accordingly, despite the public officer’s direct responsibility to bribery, private sector contribution cannot be simply ignored.The commission has observed that the public servants are soliciting and accepting gratifications from private companies.

Any person who gives bribe to public servants is committing an offence under the Bribery Act, CIABOC warned adding that private sector also should uphold country's rules and regulations.

Commission to Investigate Allegations of Bribery or Corruption (CIABOC) called on Chambers of Commerce and Business associations to assist the commission to take necessary anti- corruption initiatives.

The CIABOC has made a request recently from all members of these associations to desist from any practices of inducing public sector officials to take bribes in order to fulfill their requirements.

US firms identify corruption as a constraint on foreign investment, but, by and large, it is not a major threat to operating in Sri Lanka – at least once a contract has been won.

Corruption appears to have the greatest effect on investors in large projects and on those pursuing government procurement contracts, CIABOC said.

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