Thursday, December 11, 2014

Random thoughts: how to draw the line between entertainment And corruption

I read with vested interest in ST ex-employees charged in court for using bribes to get contracts.

I do not want to go into the moral high grounds... So far, what I read was the bribes was given to get contracts, I have not read whether their wallets are fattened directly. I also read the CFC was charged with falsify entertainment accounts.

I SPECULATE only here, that the bribes were dump at the "entertainment expenses" during auditing.

I do not work in the business work, this is just my naive thoughts, maybe battle hardened readers can answer?

I know entertainment is part and parcel of doing business in Asia. From my conversations with friends and relatives,I know the west, ( Germany, specific is the country my relative talk about), might not put so much emphasises in entertaining cilents to get a contract. 

I have heard also how "elaborated" entertainment can get, wine, women, etc. If entertainment expenses is legal, in the sense that it can be claim under tax rebates, how do one draw the line between corruption?

The amount involved? 

When in Rome, do as the Romans do. 

It does not apply when corruption is concerned? How to win that contract.

Call me inmoral, but I am not sure if there is double standard here, but if it is just "do whatever, just don't get caught". Good luck if you are caught.

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