What is Corruption?
There is no globally accepted definition of corruption. Transparency International defines corruption as ‘the abuse of entrusted power for personal gain’.
Corruption can be distinguished between ‘true corrupt intent’ and ‘necessary corruption’. True corrupt intent implies bribery or an action to obtain an illicit benefit, whereas necessary corruption occurs to get things done (i.e., to obtain a legally entitled service). Some main forms of corruption are bribery, embezzlement, fraud, and extortion (see Corruption Dictionary).
Corruption is traditionally defined as the practice of public officials abusing their position, but this definition does not account for corrupt practices occurring within the private sector.
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