CORRUPTION WATCH: Russian anti-graft cases up five-fold

By bne IntelliNews November 3, 2015

Cases opened against officials for accepting or soliciting bribes have risen five-fold in the last two years, but the majority concern bribes of less than RUB10,000 ($157).

The number of defendents facing corruption allegations in court increased from 934 to 5,119 between 2012 and 2014, a 5.5-fold increase, a study by the European University in St Petersburg found.

Currently more than 4,000 officials are involved in disciplinary proceedings and another 272 have been sacked, the head of the Russian presidential administration Sergei Ivanov said at a session of the UN Convention against Corruption in St Petersburg on November 2.

The total amount in the cases was RUB1.5mn, but Ivanov admitted this is a "drop in the ocean". Some 80% of the bribes in the cases were less than RUB10,000, while huge bribes paid by the elite for business and profits are routinely ignored.

Related Articles

Russia’s Sberbank (Sber) posts $4.3bn IFRS net profit in 1Q24

Russia’s largest lender state-controlled Sberbank (Sber) posted an 11.3% year on year increase in IFRS net profit to RUB397bn ($4.3bn) in 1Q24. As followed by bne IntelliNews, in 2023 ... more

Uncut diamond giant Alrosa must sell stake in Angola's Catoca, Russian deputy FM says

Russian uncut diamond major Alrosa will have to sell its stake in Angola's Catoca diamond mining company owing to the latter's concerns about the prospects for collaborating with the sanctioned ... more

Russian MTS Bank raises $125mn in IPO on Moscow Exchange

Russian MTS Bank completed an initial public offering (IPO) at the upper end of the price range of RUB2,500 per share, floating 13.3% of the shares on Moscow Exchange, raising RUB11.5bn ($125mn) at a ... more

Dismiss