The World Bank (1997) defines corruption as “Abuse of public power for private gain”. Corruption is a complex phenomenon with its roots lying deep in bureaucratic and political institutions. Though it is an issue of governance, there are deeper- seated factors too and complex causes and the means to control it are not fully understood. It thrives best in countries where there is poor design of economic policies, underdeveloped civil societies, low economic development and weak accountability of public institutions; conditions which are mainly prevalent in less developed countries. Though systemic corruption may co-exist with strong economic performance, experience across the world suggests that corruption is not conducive to development and...