Anti-Graft Commission, UMFCCI sign Joint Anti-Corruption Declaration

Corruption has adverse impacts on economic and administrative sectors, said Aung Kyi, Chair of the Anti-Corruption Commission, at a ceremony to sign the Joint Anti-Corruption Declaration between Union of Myanmar Federation of Chambers of Commerce and Industry and the commission on July 2 in Yangon.

“It is known to all that corruption is interrelated with the country’s poverty. Grater corruption would hamper economy growth. As a result, there will be huge income gap that may lead to grinding property. The economic sector needs to control corrupt practices. Greater corruption would weaken administrative efficiency, resulting in an unfair share of public funds and severe poverty.

The commission has committed to fighting against corruption,” Aung Kyi added.

Under the guidance of the government and the President, the commission has to perform its duties to effectively eliminate corruption step by step, he continued.

The commission will decide whether or not it will investigate those who are notorious for corruption by two-thirds of the votes of its members. Then, the commission will form a team to probe into the case.

Zaw Min Win, President of UMFCCI said: “Local businesses need to stay away from corruption. As a result, there will be a healthy business environment and an inflow of foreign investments into the country.”

The joint declaration was signed by UMFCCI President Zaw Min Win and Anti-Corruption Commission Chair Aung Kyi.

Source: Eleven Myanmar

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