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Corruption, as it is defined by the World Bank, is a form of dishonesty or a criminal offense which is undertaken by a person or an organization which is entrusted with a position of authority, in order to acquire illicit benefits or abuse power for one's private gain.
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Corruption can be defined as abuse of entrusted power for private gain.
Corruption can take many forms like :-
- public servants demanding or taking money or favours in exchange for services,
- politicians misusing public money or granting public jobs or contracts to their sponsors, friends and families,
- corporations bribing officials to get lucrative deals
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