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Kickback (bribery)
A kickback is a form of negotiated bribery in which a commission is paid to the bribe-taker in exchange for services rendered. Generally speaking, the remuneration (money, goods, or services handed over) is negotiated ahead of time. The kickback varies from other kinds of bribes in that there is implied collusion between agents of the two parties, rather than one party extorting the bribe from the other.Wrage, Alexandra Addison. ''Bribery and Extortion: Undermining Business, Governments, and Security.'' Westport, Conn.: Praeger Security International, 2007. p. 14. The purpose of the kickback is usually to encourage the other party to cooperate in the scheme.Kranacher, Riley, and Wells, p. 387. The term "kickback" comes from colloquial English language, and describes the way a recipient of illegal gain "kicks back" a portion of it to another person for that person's assistance in obtaining it.Campos, p. 299. Types and methods The most common form of kickback involves a vendor sub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bribery
Bribery is the corrupt solicitation, payment, or Offer and acceptance, acceptance of a private favor (a bribe) in exchange for official action. The purpose of a bribe is to influence the actions of the recipient, a person in charge of an official duty, to act contrary to their duty and the known rules of honesty and integrity. Gifts of money or other items of value that are otherwise available to everyone on an equivalent basis, and not for dishonest purposes, are not bribery. Offering a discount or a refund to all purchasers is a rebate (marketing), rebate and is not bribery. For example, it is legal for an employee of a Public Utilities Commission involved in electric rate regulation to accept a rebate on electric service that reduces their cost of electricity, when the rebate is available to other residential electric customers; however, giving a discount specifically to that employee to influence them to look favorably on the electric utility's rate increase applications would ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anti-Kickback Enforcement Act
The Anti-Kickback Enforcement Act of 1986 (, originally codified at 41 U.S.C. § 51 et seq., recodified at ) modernized and closed the loopholes of previous statutes applying to government contractors. The law attempts to make the anti- kickback statute a more useful prosecutorial tool by expanding the definition of prohibited conduct and by making the statute applicable to a broader range of persons involved in government subcontracting. References {{US-law-stub 99th United States Congress ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tangentopoli
(; ) was a nationwide judicial investigation into political corruption in Italy held in the early 1990s, resulting in the demise of the First Italian Republic and the disappearance of many political parties. Some politicians and industry leaders committed suicide after their crimes were exposed. Antonio Di Pietro was the main judicial figure in charge of the investigation. In some accounts, as many as 5,000 public figures fell under suspicion. At one point, more than half of the members of the Italian Parliament were under indictment, while more than 400 city and town councils were dissolved because of corruption charges. The estimated value of bribes paid annually in the 1980s by Italian and foreign companies bidding for large government contracts reached United States dollar, US$4 billion (6.5 trillion Italian lira, lire). The corrupt system uncovered by the investigation was referred to as ''Tangentopoli'' (). The term derives from Italian ''tangente'', which means "Kickback ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political Corruption
Political corruption is the use of powers by government officials or their network contacts for illegitimate private gain. Forms of corruption vary but can include bribery, lobbying, extortion, cronyism, nepotism, parochialism, patronage, influence peddling, Graft (politics), graft, and embezzlement. Corruption may facilitate criminal enterprise, such as drug trafficking, money laundering, and human trafficking, although it is not restricted to these activities. Over time, corruption has been defined differently. For example, while performing work for a government or as a representative, it is unethical to accept a gift. Any free gift could be construed as a scheme to lure the recipient towards some biases. In most cases, the gift is seen as an intention to seek certain favors, such as work promotion, tipping in order to win a contract, job, or exemption from certain tasks in the case of junior worker handing in the gift to a senior employee who can be key in winning the favor. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fraud
In law, fraud is intent (law), intentional deception to deprive a victim of a legal right or to gain from a victim unlawfully or unfairly. Fraud can violate Civil law (common law), civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, such as obtaining a passport, travel document, or driver's licence. In cases of mortgage fraud, the perpetrator may attempt to qualify for a mortgage by way of false statements. Terminology Fraud can be defined as either a civil wrong or a criminal act. For civil fraud, a government agency or person or entity harmed by fraud may bring litigation to stop the fraud, seek monetary damages, or both. For cr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conflict Of Interest
A conflict of interest (COI) is a situation in which a person or organization is involved in multiple wikt:interest#Noun, interests, financial or otherwise, and serving one interest could involve working against another. Typically, this relates to situations in which the personal interest of an individual or organization might adversely affect a duty owed to decision-making, make decisions for the benefit of a third party. An "interest" is a commitment, obligation, duty or goal associated with a specific social role or practice. By definition, a "conflict of interest" occurs if, within a particular decision-making context, an individual is subject to two coexisting interests that are in direct conflict with each other ("competing interests"). This is important because under these circumstances, the decision-making process can be disrupted or compromised, affecting the integrity or reliability of the outcomes. Typically, a conflict of interest arises when an individual occupies tw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charbonneau Commission
The Commission of Inquiry on the Awarding and Management of Public Contracts in the Construction Industry (, also known as the Charbonneau Commission) was a public inquiry in Quebec, Canada into potential corruption in the management of public construction contracts. The commission was enacted on 19 October 2011 by the provincial Liberal government of Jean Charest, and was chaired by Justice France Charbonneau. The mandate of the Committee was to: # Examine the existence of schemes and, where appropriate, to paint a portrait of activities involving collusion and corruption in the provision and management of public contracts in the construction industry (including private organizations, government enterprises and municipalities) and to include any links with the financing of political parties. # Paint a picture of possible organized crime infiltration in the construction industry. # Examine possible solutions and make recommendations establishing measures to identify, reduce and p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bid Rigging
Bid rigging is a fraudulent scheme in a procurement action which enables companies to submit non-competitive bids. It can be performed by corrupt officials, by firms in an orchestrated act of collusion, or by officials and firms acting together. This form of collusion is illegal in most countries. It is a form of price fixing and market allocation, often practiced where contracts are determined by a call for bids, for example in the case of government construction contracts. The typical objective of bid rigging is to enable the "winning" party to obtain contracts at uncompetitive prices (i.e., at higher prices if they are sellers, or lower prices if they are buyers). The other parties are compensated in various ways, for example, by cash payments, or by being designated to be the "winning" bidder on other contracts, or by an arrangement where some parts of the successful bidder's contract will be subcontracted to them. In this way, they "share the spoils" among themselves. Bid rig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baksheesh
''Baksheesh'' (from ) is tipping, charitable giving, and certain forms of political corruption and bribery in the Middle East and South Asia. Etymology and usage ''Baksheesh'' comes from the Persian word (), which originated from the Middle Persian language. The word had also moved to other cultures and countries. In the Albanian, Arabic, Bosnian, Bulgarian, Indian, Macedonian, Romanian, Russian, Serbian, and Turkish languages, ''bakshish'' or бакшиш means "tip" in the conventional western sense. In Greek, μπαξίσι () can mean a gift in general. In German and French, ''Bakschisch'' is a small bribe (in Romanian as well, depending on the context; usually employed as a euphemism to ''șpagă'', which means outright bribe). In Maltese, the word ''buqxiex'' refers to a very small payment. Types * Charity to beggars: In Pakistan, beggars solicit alms by crying "''baksheesh, baba!''". * Tipping: This does not correlate with the European system of tippin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anti-competitive Practices
Anti-competitive practices are business or government practices that prevent or reduce Competition (economics), competition in a market. Competition law, Antitrust laws ensure businesses do not engage in competitive practices that harm other, usually smaller, businesses or consumers. These laws are formed to promote healthy competition within a free market by limiting the abuse of monopoly power. Competition allows companies to compete in order for products and services to improve; promote innovation; and provide more choices for consumers. In order to obtain greater profits, some large enterprises take advantage of market power to hinder survival of new entrants. Anti-competitive behavior can undermine the efficiency and fairness of the market, leaving consumers with little choice to obtain a reasonable quality of service. Anti-competitive behavior refers to actions taken by a business or organization to limit, restrict or eliminate competition in a market, usually in order to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Annates
Annates ( or ; , from ', "year") were a payment from the recipient of an ecclesiastical benefice to the collating authorities. Eventually, they consisted of half or the whole of the first year's profits of a benefice; after the appropriation of the right of collation by the Roman see, they were paid to the papal treasury, ostensibly as a proffered contribution to the church. They were also known as the "first fruits" (), a religious offering which dates back to earlier Greek, Roman, and Hebrew religions. History This custom was of only gradual growth. At a very early period, bishops who received episcopal consecration in Rome were wont to present gifts to the various ecclesiastical authorities concerned. Out of this custom, there grew up a prescriptive right to such gifts. The ''jus deportuum, annalia'' or ''annatae'', was originally the right of the bishop to claim the first year's profits of the living from a newly inducted incumbent, of which the first mention is found un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mani Pulite
(; ) was a nationwide judicial investigation into political corruption in Italy held in the early 1990s, resulting in the demise of the First Italian Republic and the disappearance of many political parties. Some politicians and industry leaders committed suicide after their crimes were exposed. Antonio Di Pietro was the main judicial figure in charge of the investigation. In some accounts, as many as 5,000 public figures fell under suspicion. At one point, more than half of the members of the Italian Parliament were under indictment, while more than 400 city and town councils were dissolved because of corruption charges. The estimated value of bribes paid annually in the 1980s by Italian and foreign companies bidding for large government contracts reached United States dollar, US$4 billion (6.5 trillion Italian lira, lire). The corrupt system uncovered by the investigation was referred to as ''Tangentopoli'' (). The term derives from Italian ''tangente'', which means "Kickback ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
