Tuesday, 03 October 2023 10:26

IMF focuses attention on Governmental reviews of corrupt practices Featured

The International Monetray Fund has focused attention the Governmental reviews and investigations into specific cases, including SriLankan Airlines’ interactions with Airbus, the decision to sharply reduce the import tax on sugar in 2020, and the events around the issuing of bonds in February 2015.

The CB bond scam, produced extensive public information on incidents involving high-level officials.

While each of these examples differs in important aspects, they share common features in that they involve multiple state entities, including the Central Bank that generated extensive profits for private parties while simultaneously saddling the state with costly debts.

While each case is distinct, in all instances, high-level officials escaped sanctioning for corruption, including in foreign jurisdictions in one case

 

 

 

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