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No reduction in corruption in the last two years, says survey

Updated : April 26, 2018 06:28:06 IST

There has been no reduction in fraud and corruption in last two years with most companies claiming that dishonest practices help in the survival of business, said EY Global Fraud Survey.

When it comes to India, 40% of the 50 companies interviewed admitted to paying a bribe for business. In fact, India ranks 17th among 55 countries surveyed where bribery is used to win contracts.

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