MNCs in emerging nations fail to tackle corruption, poverty: anti-graft group

London

MULTI-NATIONAL companies based in emerging nations are failing to tackle corruption with a lack of transparency allowing unscrupulous practices to continue and exacerbating poverty, a study by an anti-corruption group said on Monday.

The report by Transparency International found that three quarters of the 100 fastest-growing companies based in 15 emerging market countries and active in 185 countries scored less than half marks in transparency tests.