Kleptocracy

Kleptocracy

From Wikipedia, the free encyclopedia

This article is about the term for systematic corruption and thievery by the state or state-sanctioned corruption. For a state with ties or aid from organized crime syndicates, 

Kleptocracy (from Greek κλέπτης kléptēs, "thief", κλέπτω kléptō, "I steal", and -κρατία -kratía from κράτος krátos, "power, rule") is a government with corrupt leaders (kleptocrats) that use their power to exploit the people and natural resources of their own territory in order to extend their personal wealth and political power. Typically, this system involves embezzlement of funds at the expense of the wider population.

Examples

In early 2004, the German anti-corruption NGO Transparency International released a list of what it believes to be the ten most self-enriching leaders in the past two decades. In order of amount allegedly stolen USD, they were:

Former Indonesian President Suharto ($15 billion – $35 billion)

Former Philippine President Ferdinand Marcos (at least $10 billion by 1986, equivalent to about $21.6 billion in 2014 dollars

Former Zairian President Mobutu Sese Seko ($5 billion)

Former Nigerian Head of State Sani Abacha ($2 billion – $5 billion)

Current Malaysian Prime Minister Najib Razak ($1 billion - $2 billion)

Former Yugoslav President Slobodan Milošević ($1 billion)

Former Haitian President Jean-Claude Duvalier ("Baby Doc") ($300 million – $800 million)

Former Peruvian President Alberto Fujimori ($600 million)

Former Ukrainian Prime Minister Pavlo Lazarenko ($114 million – $200 million)

Former Nicaraguan President Arnoldo Alemán ($100 million)

Former Philippine President Joseph Estrada ($78 million – $80 million)

steadyaku47 comment : Another First for Bolehland !!! That Idiot gets a mention as one of the ten most self-enriching leaders in the past two decade! 

Aiyah so malu lah.