Corruption has taken a more concrete place in the society only since the twentieth century. It has not been solely for material gains that corruption reaches its heights but it also relies on the individuals’ character and behavior at a professional level. It takes only one act of corruption to move on to the second and if the first act is successful, then the following becomes a habit. Researches on causes of corruption inform that corruption always lingers on the edge of excessive availability of profits such as trade restrictions, subsidies and tax reductions, price controls, multiple exchange rates practices, and foreign exchange allocation schemes, including government-controlled provision credit (Mauro 1998). Non-government intervention such as in the extraction of natural resources also experience abnormal rate of profits and hence directly hint at the exchange of bribery for the task.Corruption is a global phenomenon and may exist in a completely developed or entirely underdeveloped country. It has not only caused institutions to collapse but also famous and reputable figures to experience a major downfall. The announcement of such corrupt acts as causing these declines have become a fuel for mass media and a means of propaganda for many presses. Hence, exposure to scandalous and fraudulent behaviors is brought into light for both public and international awareness. However, the process does not halt here because the act of corruption which has already been performed can lead to a decline in the development of the nation’s economy as well as its progress in the direction of modernization (Myint 2000). Many developing countries have made it their priority to monitor corruption in such a sophisticated manner so that the development may not be hindered.

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