KHAYA SITHOLE: Let’s make very clear the consequences of corporate corruption

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KHAYA SITHOLE: Let’s make very clear the consequences of corporate corruption🔒

Seventeen years ago, in an essay titled Corporate Catharsis, Jayati Ghosh reflected on the prevalence of stories regarding private sector corruption that had dominated headlines in the US.

The most prominent of them all — Enron — was unique in that the discovery of its corrupt practices led to its demise and also that of another entity that was complicit in the fraud — Arthur Andersen.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

 

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