Tackling corruption

Further improvement is urgently needed in China's efforts to check commercial corruption, says an article in Chinese Business View. The following is an excerpt:

Lucent Technologies Inc has entered into an agreement with the Department of Justice of the United States and the US Securities and Exchange Commission to pay $25 million to the two as a fine.

This agreement concludes a multi-year investigation into whether the communication equipment producer violated the Foreign Corrupt Practices Act of the US when it provided travel and other things of value to Chinese government officials and improperly accounted for the corporate expenditure of those officials in company books and records, according to a statement from the US Department of Justice.