All forms of bribery present here
Bidding for 2012 Olympic Games in London is also riddled with corruption, with so-called “agents” promising to deliver dozens of IOC votes in return for bribes, an undercover BBC TV programme claimed. After Los Angeles made $215 million profit from 1984 Olympic Games by selling exclusive rights to various corporate sponsorship categories –a scramble began between cities for the right to host the games and secure profits that could be made in tourism, construction, transport, and other industries. As competition between companies and cities increased, and profit climbed, so did opportunities for bribery and corruption, for IOC and indiviudals.
IOCs nepotism, vote-selling and other forms of corruption are now coming to light with no surprise. They are infact inevitable by-products of vast sums of money and multi-million dollar profits surrounding the event.
IOCs nepotism, vote-selling and other forms of corruption are now coming to light with no surprise. They are infact inevitable by-products of vast sums of money and multi-million dollar profits surrounding the event.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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