Introduction Titan set up a joint venture with a government company in the West of Africa, in Benin, in 1998 to build a wireless telephone network. The firm hired a man as its local agent, who was known as a business adviser to Benin's president, Mathieu Kerekou. From 1999 to December 2001, Titan paid more than $3.5 million to this agent, including $2 million that was falsely billed as consulting services but actually was used for the president's re-election campaign. …showed first 75 words of 1952 total…

…showed last 75 words of 1952 total…pay the fine that it is confronted with and actually needs to be penalized more. It is too easy for companies to pay a fine. Of course, these fines are important, but if a firm could be banned from business in a country for a certain number of years, they would be less tempted by corruption. Possible solutions There are two possible solutions to the problem of bribery and corruption: more control or more penalties.