Fri, Jul 06, 2018 – 5:50 AM
Singapore is known for its clean system and low corruption levels. It is the sixth least corrupt country in the world in the Corruption Perceptions Index 2017 by Transparency International. Singapore is also consistently ranked as the least corrupt Asian country in the Political and Economic Risk Consultancy annual surveys.
The Corrupt Practices Investigation Bureau has declared that corruption in Singapore “remains under control”, with the number of private sector cases continuing to remain low despite forming the majority of corruption cases. Recent high-profile financial scandals have, however, forced a rethink of the ethics and culture of corporate leadership.
A recurring theme
In the case of the spectacular collapse of Pan-Electric Industries in…