- July 1, 2014: Vol. 26, Number 7

To read this full article you need to be subscribed to Institutional Real Estate Americas

EY report: Bribery and corruption worsen

by Mike Consol


Bribery and corruption remain pervasive business problems, and not just in developing countries. According to the 12th global fraud survey from EY, 29 percent of the survey’s 2,700 respondents from around the world reported that bribery or corrupt practices occur “frequently” in their countries.

The situation is significantly worse in rapid-growth markets, the very markets where institutional real estate investors are increasingly doing business. In Indonesia, for example, 60 percent of respondents consider making cash payments to win new business acceptable. In Vietnam, 36 percent of respondents consider it acceptable to misstate a company’s financial performance.

Overall, survey respondents said they were increasingly willing to make cash payments to win or retain business, and a greater proportion — including CFOs — expressed an increased willingness to misstate financial perfo

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy