Jean-Philippe Chauzy/IOM
IOM's Dr. Ernest Taylor registers a slave master who exploits nine slave children.
'Poor nations fleeced by corruption'
LONDON - A "global epidemic of financial scandal" has seen billions of dollars in oil and mining revenues skimmed off by corrupt officials in some of the world's poorest countries, a British-based campaign group has charged.
This disappearance of billions of dollars (euros) from public purses was "abetted" by a culture of secrecy within oil and mining multinationals about revenues paid to governments, Global Witness said in an investigation.
The activities of French firm Elf, which is now part of French giant Total, in Congo already form part of a massive corruption scandal and court case involving the oil group.
However this "legacy of opacity and hair-raising accounting" remains in the poverty-stricken nation, depriving its people of vast amounts in revenues, Global Witness said.
Perhaps the most dramatic example comes in Nauru, the tiny and isolated island state which briefly became the richest nation on the globe per head of population due to its massive reserves of phosphates.
This money was squandered by corrupt officials and crooked behaviour, the report said, leaving the island a "wasteland" now largely synonymous with money-laundering scams.
"Bankrupt, in social and political turmoil, and facing possible extinction from rising seawaters, Nauru is a sinking ship," Global Witness noted.
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