The European Union and national legislation obliges to establish liability for corruption in the private sector. Meanwhile, Lithuania does not have a definition of what corruption in the private sector is, says Dr Petras Ragauskas, chief research staff member of the Institute of Law.
© Vida Press

According to scholars, the prevailing opinion is that the private sector deals with its internal problems itself and that there is no need for additional interference. Nonetheless, this is not always the case because frequently the public or consumers fall victim to corruption, while their interests must be actively protected by the state.

On Tuesday, a research by the Institute of Law was presented and discussed at the Presidential Palace during the round-table discussion Possibilities of the Responsible Business to Reduce Corruption in the Private Sector. Scholars analysed a number of laws and sociological studies.

The researchers examined various abuse, dishonest competition and fraud cases in different business areas. For example, the media, sport, private education and science, legal and health services. The objective was to determine whether aforementioned phenomena may be regarded as corruption and who suffers most harm: business, consumers or society.

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