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Mobile transactions are more traceable than cash, making it harder for corrupt officials to embezzle undetected.
ECONOMIST: Mobile-money services
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NGOs have money and power without accountability, embezzle foreign funds and cook their books.
ECONOMIST: The other government in Bangladesh
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The fee may be legitimate, but the government may wish to keep it secret, to make it easier to embezzle.
ECONOMIST: How transparent are the world��s biggest listed companies?
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How did one embezzle if one wanted to embezzle well?
NEWYORKER: Great Experiment
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According to the opinion, one of the general partners almost immediately started to embezzle money from the partnership, and thereafter engaged in self-dealing such that the partnership became valueless right before limited partnerships were sold to investors.
FORBES: Miske: The Innocent General Partner Tagged With Liability For Losses Due To Misdeeds Of Another General Partner
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"The corrupt authorities neglect their duty, abuse their power, embezzle public wealth, take bribes and manipulate matches, " says Lu Shengjun, the head of an amateur soccer association in Anhui Province and an agitator for upending the state-run system.
FORBES: Companies, People, Ideas