Business Corruption in Sri Lanka
Corruption is a problem for businesses in Sri Lanka. The most common forms of corruption include bribes paid to avoid bureaucratic red tape, bribe solicitation by government officials, nepotism and cronyism. There is a high-level of corruption in the public procurement sector. The main anti-corruption laws are the Penal Code of 1883 and Bribery Act of 1994, which criminalise corruption and attempted corruption in the form of extortion, and active and passive bribery. No clear distinction between bribery and facilitation payments is made, but gifts given with a purpose of corruption are prohibited under the Prevention of Corruption Act. Sri Lanka's anti-corruption legislation lacks enforcement, and powerful political elites often go unpunished for committing corruption crimes.
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