In a recent survey, 84% of companies reported at least one asset-protection fraud in the past three years. In China, 96% of companies reported such fraud. Of these cases, 41% of China's bribery cases were in construction, with 91% of companies suffering losses from corruption or fraud in the last three years. In fact, construction in China is always ranked first in size and frequency of fraud, ahead of defense, oil and gas and banking and finance.
Saturday, May 19, 2012
Article: Chinese Corruption Party Undermines China's Stability (HuffPo)
By Cleo Paskal
Apartment building in Shanghai falls over soon after completion, 2009