UNITED NATIONS: Secretary-General Ban Ki-moon urged business leaders worldwide Thursday to denounce corruption and adopt strict prohibitions against the scourge, which is threatening development, democracy and stability.
His call on International Anti-Corruption Day was echoed by U.S. Assistant Attorney General Lanny Breuer who cited World Bank estimates that more than $1 trillion in bribes are paid worldwide each year, "leading to what some experts estimate amounts to a 20 percent tax on foreign investment."
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