Government corruption
- Theorem News Group
- Jul 18, 2024
- 2 min read
Corruption in government is not just a modern problem; it is a deeply rooted issue that has affected societies throughout history, across different cultures and nations. From the days of ancient empires in today's modern states, the misuse of power for personal gain has been a constant challenge. This persistent problem has repeatedly emerged, shaping the social and political landscape of civilizations over the ages.
Timeline of Notable Government Bribery, Scandals, and Corruption
1972 - Watergate Scandal : A break-in at the Democratic National Committee headquarters led to the discovery of widespread abuses of power by the Nixon administration. President Nixon resigned in 1974.
1991 - Bank of Credit and Commerce International (BCCI) Scandal: The BCCI was implicated in money laundering, bribery, and supporting terrorism, which ultimately led to its closure. Investigations revealed that the bank had bribed government officials in multiple countries.
One of the UK branches of BCCI. Photograph: James Jim James/PA Archive/Press Association Ima
2002 - Enron Scandal : Enron's bankruptcy exposed the company's use of accounting loopholes and special purpose entities to conceal debt and inflate profits. This scandal prompted widespread reforms in corporate governance.
2016 -Panama Papers : A massive leak of documents from the Panamanian law firm Mossack Fonseca exposed how wealthy individuals and public officials used offshore entities to hide assets and evade taxes.
Retrieved from the Center for Economic and Social Rights
2024- Kishida, Japan: The scandal revolves around political funds generated through the sale of party event tickets to individuals, companies, and organizations. Numerous lawmakers in Kishida’s Liberal Democratic Party are accused of embezzling profits from these ticket sales by falsifying mandatory accounting reports and accepting kickbacks.
By: Antony Vega
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