Breaking! HAL and BEL score low on anti-corruption systems
Neelam Mathews Oct 4, 2012 Two-thirds of the world’s biggest defense companies do not provide enough public evidence about how they fight corruption, according to a new study from Transparency International UK released today. This includes companies from all of the ten largest arms exporting nations like US, Russia, Germany, France, the UK and China—who between them are responsible for over 90 percent of the arms sales around the world, the Defense Companies Anti-Corruption Index (CI) shows. The rating is done on good, publicly available evidence of having at least basic ethics and anti-corruption compliance systems in place. HAL, BEML and BEL, were listed under the lower bands. Based on level of evidence for basic anti-corruption systems in place:Ten companies score in the top two bands. Fluor Corporation (only 3% defense) is the only company to score in Band A. In band B are Accenture, BAE Systems, Fujitsu, Hewlett-Packard, Meggitt, Northrop Grumman Co...