| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 982674 | Procedia Economics and Finance | 2015 | 10 Pages |
This study provides an overview of corruption in Malaysia. In 2014, the President of World Bank, Jim Young Kim, released a shocking statement which described corruption as dangerous activities than terrorism to the humanity as it is able to siphon off an estimated of $1 trillion from developing countries through bribery, money laundering, tax evasions, extortion and other financial crimes (CBC News, 2014). Apart from that, in Malaysia, the cost that Malaysia has to bear due to the corruption activities is as much as RM 10 billion per year, or 1 to 2 percent of gross domestic product annually (GTP 1.0, Fighting Corruption). These adverse effects have diverted government attention towards searching for effective measures to curb corruption thus resulted in a variety of anti-corruption initiatives in Malaysia.
