first_imgA global survey of corporate corruption has found that 40% of businesses were asked to pay bribes to secure licenses and contracts in India.Russia, Indonesia and Brazil led India in corporate corruption, according to the 4th Global Economic Crime Survey published by PriceWaterhouseCooper.The survey found that a third of businesses in India reported losing opportunities to competitors who paid bribes. A third of Indian companies surveyed also said they had been victims of economic frauds like asset misappropriation, accounting fraud, money laundering, etc.   CountryPercentage of companies asked to pay a   bribe Percentage of companies that lost business to a competitor who paid  abribe  Indonesia 54 39  Russia 48 51  Brazil 48 35  India 38 34  CE Europe 30 45  Africa 29  31  Turkey 28 31  Mexico 28 26  SC America 26 29  China 21 22  Asia Pacific 20 20  West Europe 9 14  North  America    3  6  Global 18 24 Source: Global Economic Crime Survey Related Itemslast_img