bribery Archives — LIRNEasia


In a wide-ranging interview, the Director General of the Sri Lanka Telecom Regulatory Commission (TRC) explained the reasons for requiring mandatory registration of IMEI numbers from October 1, 2020, saying all commercial vendors of terminal devices had to be registered with the TRC and that the IMEIs of the devices they sold had to be registered as well. He stated that these actions were being taken to protect consumers. Consumer protection in a market economy is anchored on information asymmetry. The default position is caveat emptor: let the buyer beware. Each consumer has a right to decide on the price-quality bundle he/she wishes to buy.

Most of Siemens bribes were for telecom

Posted on December 26, 2008  /  0 Comments

Of the 4,283 bribery payments documented by the investigators, 2,505 (more than half) were made in relation to telecom contracts.   Of the total of USD 1,400.7 million disbursed, USD 813.9 million (more than half) were for telecom.  However, the complaint documents only three specific cases of large bribes paid in Vietnam, Bangladesh and Nigeria, all to government officials or politicians (including functionaries in government owned telecos).