Embezzlement

Embezzlement
01-10-2011 12:00 AM - عدد القراءات : 3860 كتب elhossien mahmoud elhossien@hotmail.com When a person holding office in an institution, organisation or company dishonestly and illegally appropriates, uses or traffics the funds and goods they have been entrusted with for personal enrichment or other activities.29
fiogf49gjkf0d Example in practice Chung Mong Koo, former chairman of Hyundai Motors Co. was convicted in 2007 of embezzling US$ 110 million from company funds, a portion of which was allegedly used to pay off politicians andgovernment officials.30 Relevant links —— TI Global Corruption Report 2004 – Political Corruption. http://www.transparency.org/publications/gcr/download_gcr/download_gcr_2004 —— U4 Brief: Embezzlement of Donor Funding in Health Projects. http://www.cmi.no/publications/file/?3031=embezzlement-of-donor-funding-in-health-projects 29 South East Europe Regional Anti-Corruption Initiative Glossary http://www.rai-see.org/glossary-.html Australia, New South Wales ICAC Glossary http://www.icac.nsw.gov.au/index.cfm?objectid=3408D1E0-CA0C-775C-3BF191F69571B807 USAID, TATWEER Anti-Corruption Glossary http://www.tatweer-iraq.com/content/resources/detail/812 U4 Corruption Glossary http://www.u4.no/document/glossary.cfm United Nations Development Programme, Tackling Corruption, Transforming Lives: Accelerating Human Development in the Asia and the Pacific (New Delhi: Macmillan, 2008). 30 BBC News. “Hyundai’s boss gets three years”. 5 February 2007. http://news.bbc.co.uk/2/hi/business/6329173.stm.