Act of Bribery
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A Act of Bribery is an offer and acceptance act of any item of value to influence the actions of an official, or other person, in charge of a public or legal duty.
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- Counter-Example(s):
- See: Remuneration, Gift, Solicitation, Corruption.
References
2020
- (Wikipedia, 2020) ⇒ https://en.wikipedia.org/wiki/bribery Retrieved:2020-10-2.
- Bribery is defined by Black's Law Dictionary as the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official, or other person, in charge of a public or legal duty. With regard to governmental operations, essentially, bribery is "Corrupt solicitation, acceptance, or transfer of value in exchange for official action.” Gifts of money or other items of value which are otherwise available to everyone on an equivalent basis, and not for dishonest purposes, is not bribery. Offering a discount or a refund to all purchasers is a legal rebate and is not bribery. For example, it is legal for an employee of a Public Utilities Commission involved in electric rate regulation to accept a rebate on electric service that reduces their cost for electricity, when the rebate is available to other residential electric customers. However, giving a discount specifically to that employee to influence them to look favorably on the electric utility's rate increase applications would be considered bribery. A bribe is an illegal or unethical gift or lobbying effort bestowed to influence the recipient's conduct. It may be money, goods, rights in action, property, preferment, privilege, emolument, objects of value, advantage, or merely a promise to induce or influence the action, vote, or influence of a person in an official or public capacity. [1] The United Nations Sustainable Development Goal 16 has a target to substantially reduce corruption and bribery of all forms as part of international effort aimed at ensuring peace, justice and strong institutions.
- ↑ See generally T. Markus Funk, "Don't Pay for the Misdeeds of Others: Intro to Avoiding Third-Party FCPA Liability," 6 BNA White Collar Crime Report 33 (January 13, 2011) (discussing bribery in the context of the Foreign Corrupt Practices Act).