OECD: Prague should step up efforts to prosecute foreign bribery

The Czech Republic should step up its efforts to detect, investigate and prosecute foreign bribery, according to a new OECD report released on Thursday. The report, which evaluates the country’s implementation of the Convention on Combating Bribery of Foreign Politician in International Business Transactions, says Prague must improve its system combating foreign bribery, especially in view of the country’s export-oriented economy. Seventeen years after ratifying the OECD Anti-Bribery Convention, the Czech Republic has yet to prosecute a case involving the bribery of foreign public officials.