NGO warns of potential for massive corruption in Iraq

NGO warns of potential for massive corruption in Iraq

[JURIST] The rebuilding process in Iraq could turn into the largest example of corruption and bribery in the modern world according to the annual Global Corruption Report [official text download website] issued Wednesday by Transparency International [advocacy website]. TI warned that greater scrutiny of incoming funds and donations was necessary to ensure that all appropriations of financial resources were valid. It also criticized the US for pushing for privitization of the rebuilding phase, warning that too rapid of a transition to private contractors raised significant bribery and corruption risks. Read Transparency International's official press release. Reuters has more.