The Fordham Institute for Ethics and Economic Policy (FIEEP) at Fordham University. This is a renowned Jesuit institution with over 165-year history of emphasis on ethics.	To promote Governance with Respect Ethics Accountability and Transparency (GREAT) OMAN Join a Discussion site, where you can click on “New Topic” or try this link Transparency International’s corruption rank for this country in 2000 is absent and means that international investment is discouraged by excessive corruption.
TOP BANK OFFICIAL JAILED FOR CORRUPTION Murtadha bin Mohammed bin Hassan, head of the Oman Development Bank, has received a four year prison sentence for misuse of position, negligence, and violating the bank revenue system. A corruption clamp down to attract foreign investment has led to prison terms for corruption charges as follows: former cabinet minister to six years, Central Bank of Oman chief to one year, Oman Housing Bank Chairman to four years, and OHB General Manager to six years. (Zwaya (Reuters), May 31, 2001, summary by Marg Reynolds). EX-MINISTER JAILED FOR CORRUPTION Mohammed bin Moosa Al Yousef, former Development Minister; former Chairman of the Commercial Bank of Oman; and key player in the 1995 conference ‘2020 Vision Economic’ has been jailed for six years and fined 5,800 riyals for corruption and other acts of malpractice by the President of the Penal Court, Sayyid Dr. Said bin Hilal Al Busaidi. The charges include breach of trust, manipulation of share prices in the Muscat Securities Market, and violation of the Muscat Securities Market Law. Al Yousef’s son, Qais, and an adviser, Yeshwant Desai, were acquitted, however. Three close associates have been jailed and and fined for breach of trust and collusion with the main accused. The three associates include: Zuhair bin Mohammed bin Abdullah Al Lawatia, CEO of Al Ahlia Securities Portfiol; Yusuf bin Suleiman Baqr Al Saleh, Chairman of Al Anwar Industrial Group; and R. Bangara Ram, CEO of ONIC Holding Company. (Gulf News, May 9, 2001, summary by Marg Reynolds). The Index of Economic Freedom (by Driscoll-Holmes-Kirkpatrick) for 2001 places Oman in the “Mostly Free” category with a rank of 52 (Ranks range from 1 for Hong Kong to 155 for North Korea, Wall Street Journal, Nov. 1, 2000). H. D. Vinod’s trimmed correlation analysis indicates that countries free from economic regulation are less corrupt. After allowing for some exceptions by 20% trimming, the correlation is near 0.9. A sultanate of the southeast Arabian Peninsula on the Gulf of Oman, an arm of the Arabian Sea. Much of the area was controlled by the Portuguese from 1508 to 1659 and the Turks until 1741, when the present royal line was founded. Oman established close ties with Great Britain in the late 18th century. Muscat is the capital.		Recent news. Worldwide corruption Country Index has links to stories and information about corruption and governance in alphabetically listed geographical regions and countries. Quick Links to USA, China, India, Indonesia Resources which track corruption and provide information on good governance from around the world. Quotes or One-Liners against corruption. Corruption Info Exchange Description of our Project. FIEEP Home Fordham Economics Faculty Fordham University
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