Corruption flourishing in property and medicine

16th February 2006, Comments 0 comments

16 February 2006, MADRID — Graft in Spain is most rife in the property and pharmaceutical sectors, according to a report by an anti-corruption watchdog.

16 February 2006

MADRID — Graft in Spain is most rife in the property and pharmaceutical sectors, according to a report by an anti-corruption watchdog.

The non-governmental body Transparency International said Spain could reduce is spending on drugs by a third if it stopped corrupt ties between hospitals and medical centres and pharmaceutical companies.

In many cases, hospitals buy more expensive drugs instead of the cheaper generic brands.

The volume of generic brands used in public health was only 1.2 percent, said the TI report.

Manuel Villoria, author of the report, said pharmaceutical companies "spend between 25-40 percent of their resources on promoting their products and influencing doctors' decisions".

In the property sector, building in large cities and along the coasts is where most  corruption is found.

The report highlighted recent cases of money laundering on the Costa del Sol, in which crime gangs put money earned from drugs dealing or other illicit activities into property companies.

Spain was ranked 23rd least corrupt country, below Japan and Chile. Iceland was no1.

[Copyright EFE with Expatica]

Subject: Spanish news

 

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