Proceeds Of CorruptionInternational asset recovery is any work by governments to repatriate the proceeds of corruption hidden in foreign jurisdictions. Such assets may well consist of monies in bank accounts, real estate, cars, arts and artifacts, and valuable metals. As defined under the United Nations Convention against Corruption , asset recovery refers to recovering the proceeds of corruption, rather than broader terms such as asset confiscation or asset forfeiture which refer to recovering the proceeds or instrumentalities of crime in general.

A kickback is a bribe, the ‘return’ of an undue favour or service rendered, an illegal secret payment created as a return for a favour. The word describes a bribe as noticed from the angle of the bribed. For example, A provides B a favour and B gives A a kickback, a ‘little something’, in return. The term is utilised to describe in an ‘innocent’ way the returns of a corrupt or illegal transaction or the gains from rendering a unique service. Also referred to as a percentage, share, reduce, commission, payoff, and so forth.

In 2013, Jane Duncan, an academic at Rhodes University, created detailed requests to the department of justice to access info on the effectiveness of Rica – which includes the cost per interception and, most importantly, the quantity of arrests and convictions that stem from interceptions. The division rebuffed the request, saying that the facts she was requesting was supplied in strict self-confidence by ­various third parties”.

In a report released in September, the South African Institute of Race Relations discovered that those with access to electrical energy reached 11.9 million in 2010, up from 5.2 million in 1996. Over the very same period, the number of households with correct housing practically doubled to 11 million and these with access to piped water enhanced to 12.7 million … Read more ...