Russia bleeds from fraud

MOSCOW - Corruption in Russian business has worsened over the last two years and is draining millions of dollars from the economy, according to a survey.

MOSCOW - Corruption in Russian business has worsened over the last two years and is draining millions of dollars from the economy, according to a survey.

In his yearly televised question-and- answer phone-in with the public yester day, President Vladimir Putin said: "We must reduce tolerance of corruption, from small bribes to big commercial corruption."

About 50percent of companies surveyed in central and eastern Europe reported economic fraud. - Reuters

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