Emerging giants plagued by corruption: Transparency International

brazilian students protest against corruption in Brasilia on November 13, 2015The world’s “up and coming economies” are struggling to shake off corruption, an anti-graft watchdog warned Wednesday, citing massive scandals in Brazil and Malaysia as cause for concern. In its “Corruption Perceptions Index 2015”, Transparency International (TI) said the Latin American country showed the biggest decline in its ranking of 168 countries, slumping seven notches to 76th position over a kick-backs scandal engulfing state oil giant Petrobras. On the other side of the globe, graft allegations surrounding Malaysian Prime Minister Najib Razak also laid bare corruption dogging the Asian state, it noted.

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