Unexplained wealth and for what purpose: a Sri Lankan perspective

Author:

Abeyagoonasekera Asanga

Abstract

Purpose Explore perspective from Sri Lanka on unexplained wealth and why it should be taken as a pivotal measure to fight corruption in the society. Design/methodology/approach Qualitative and referenced work to explain the viewpoint. Findings The prevailing political will in achieving goals to fight economic crime is questionable. The entire society has a role to play when fighting corruption, which is not only limited to regulators, bribery commissions and the state sector. Private sector and individual voices in the society, including whistle blowers, could play a leading role in combating cases of unexplained wealth. Originality/value This study highlights political corruption in Sri Lanka with a unique viewpoint connecting political lobbying and unexplained wealth.

Publisher

Emerald

Subject

Law,General Economics, Econometrics and Finance

Reference12 articles.

1. What are the Panama papers? A guide to history’s biggest data leak;The Guardian,2016

2. Transparency International (2017), “Unexplained wealth orders: How to catch the corrupt and corrupt money in the UK”, Transparency International, available at: www.transparency.org/news/feature/unexplained_wealth_orders_how_to_catch_the_corrupt_and_corrupt_money_in_the

3. Corruption Perception Index (2017), “Transparency international”, available at: www.transparency.org/news/feature/corruption_perceptions_index_2017

4. Are unexplained wealth orders the cure for Britain’s reputation as a haven for dirty money?;Financial Times,2018

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