G3 INSIGHT - INTEGRITY IN GAMING
Systematic corruption prevails in every aspect of daily life and things are getting worse rather than better. According to the annual survey of 15 Latin American countries compiled by the Americas Society/Council of the Americas and Control Risks, Latin American nations’ capacity to fight corruption decreased over the past year as the coronavirus pandemic absorbed resources and offered politicians in some countries the space to weaken judicial bodies.
Integrity in the
Gambling Industry Latin America
Just a few examples give a glimpse of the scale. Provinces in Argentina have seen governors rule more like feudal lords rather than elected public servants. Politicians from both side of the political divide have been accused of breathtaking acts of corruption, yet face no prospect of ever going to jail.
Vice-President Cristina Fernández today serves as deputy to President Alberto Fernández Kirchner. Kirchner was President from 2007 to 2015. She now faces nine charges of corruption. According to the prosecution, at least US$160m was paid in bribes during the 2003-2007 presidency of her late husband and former President Néstor Kirchner alone.
In March, a US court indicted President Nicolas Maduro for narcoterrorism and conspiracy to smuggle
cocaine into the United States. In response, the US Department of State
announced a $15m reward for information leading to his arrest or conviction.
Corruption in Latin America has taken an irreversible toll on its economy and its people. Cynicism towards politics is well justified in jurisdictions where the majority of lawmakers are interested only in lining their own pockets and ensuring the continuation of their own power.
In Venezuela, citizens face shortages of food and medicine, rising homicide rates and wide- spread malnutrition. Last year, the annual inflation rate reached a staggering 6,500 per cent. In March, a US court indicted President Nicolas Maduro for narcoterrorism and conspiracy to smuggle cocaine into the United States. In response, the US Department of State announced a $15m reward for information leading to his arrest or conviction. Venezuela has now become a “mafia state” - a state that has effectively been criminalised.
At the same time the aftershocks of the largest corruption scandal in history are still being felt all over the region. Beginning as a small investigation into money laundering in 2014, Brazil's Operação Lava Jato ("Operation Car Wash"), ultimately led to prosecutors uncovering how politicians systematically conspired with executives at companies such as Brazilian oil giant Petrobras, and construction giant Odebrecht, to inflate government contracts and keep the proceeds for themselves and their parties.
Te investigation led to the arrest of former presidents, Luiz Inácio Lula da Silva, of Brazil, politicians from Brazil's largest parties,
P34 WIRE / PULSE / INSIGHT / REPORTS
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