Corruption drives up costs, almost 15pct in property development - study

A new study found that corruption not only marked up prices of goods, but had also incurred a 14.8 percent increase in costs in property developments which was then absorbed by house buyers.

The “Corruption in the Supply Chain: Forms and Impacts on Consumers” report featured an in-depth study on how corruption in three sectors - construction, healthcare, and education took place.

The paper was jointly prepared by...