Business Corruption in Sri Lanka
Corruption is a problem for businesses in Sri Lanka. The most common forms of corruption include bribes paid to avoid bureaucratic
red tape
, bribe solicitation by government officials,
nepotism
and
cronyism
. There is a high-level of corruption in the public procurement sector. The main anti-corruption laws are the
Penal Code of 1883
and
Bribery
Act
of 19
94
, which criminalise corruption and
attempted corruption in the form of
extortion
, and
active
and
passive
bribery. No clear distinction between bribery and facilitation payments is made, but gifts given with a purpose of corruption are prohibited under the
Prevention of Corruption Act
. Sri Lanka's anti-corruption legislation lacks enforcement, and powerful political elites often go unpunished for committing corruption crimes.
June 2015
GAN Integrity Solutions