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Portugal scores poorly in new corruption survey

bop2A survey on fraud and corruption conducted by the consultancy Ernst & Young puts Portugal in fifth place in the corruption league of 38 countries, surpassed only by Croatia, Kenya, Slovenia and Serbia.

The survey questioned workers from countries in Western and Eastern Europe, the Middle East, India and Africa.

In Portugal, 83% said that bribery and corruption remain widespread.

"In the last year and a half, Portugal has been buffeted by corruption. Therefore, respondents will be more likely to respond in the affirmative to issues related to corruption and fraud, said Pedro Cunha, of Ernst & Young at the presentation of the survey results in Lisbon.

The worst country for corruption was Croatia where 92% of respondents said corruption was rife. This can be compared to 34% in Belgium, 26% in Germany, 11% in Finland and a further gold star for Denmark where only 4% of those surveyed said bribery and corruption are widespread.

In Portugal, 61% consider that there was a distortion of company financial results as a result of corruption and only 28% believed the business ethics of their organisation were "very good."

However, 25% of respondents in Portugal believe that there has been an improvement in business ethics over the past two years, especially in the financial sector due to requirements imposed by the Bank of Portugal.

Despite recent banking frauds and high profile bankruptcies, the financial services sector respondents in Portugal noted that their organisations at least have a policy of fraud prevention and a code of conduct.

For the full survey, click HERE

 

 

 

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Comments  

-1 #4 PeterD 2015-06-17 18:13
Things must be really bad in Croatia, Kenya, Slovenia and Serbia!
+1 #3 dw 2015-06-17 10:46
Ernst & Young have many years first-hand experience of corruption on a massive scale.
-2 #2 Steve.O 2015-06-16 21:57
Only a day ago we saw the 2015 report of official Portuguese Prevention of Corruption organisation which essentially it said that it has got nowhere over the years. No public body took its work seriously.

The earlier CPC 2009 survey was 'famous' for the wrong reasons in that almost no organisation bothered even to acknowledge receipt. None sent in usable replies.

And, having learnt that no public sector organisation in Portugal even kept data on nationality; the Portuguese Racism body then tell us they have not sufficient resources to do so - even with crime statistics !

Which brings us to todays welcome news - that the Portuguese statistics body, finally listening to the Troika, is employing another 300 statisticians.

Perhaps only then can we get a better view of how badly Portugal has been doing.

Showing for the nth time that Portugal was never suitable material to be in the European Union. And soon therefore quite possibly to be evicted from the eurozone.

http://algarvedailynews.com/news/5909-portugal-s-public-bodies-fail-to-combat-corruption
+7 #1 Chip the Duck 2015-06-16 18:48
Ernst & Young?

That's the bunch of halfwits that missed a £3 billion liability when auditing the accounts of Equitable Life Assurance, bringing the company to its knees.

They wouldn't know fraud if it grabbed them by the short and curlies!

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