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Execs say corruption hindering foreign investment in ASEAN

From left: Vivek Chaand Sehgal, chairman of Samvardhana Motherson Group; Hiroshi Ishino, president of Kansai Paint; Kevin Burrell, CEO of DHL Supply Chain Thailand, Philippines, and Vietnam; and Wirat Sirikajornkij, partner and head of Asean+ at KPMG in Thailand, at the Nikkei Asia300 Global Business Forum in Bangkok

BANGKOK -- Governments in Southeast Asia need to seriously tackle corruption if they want to attract a large amount of foreign investment, corporate leaders indicated today at the Nikkei Asia300 Global Business Forum in Bangkok.

Countries in the Association of Southeast Asian Nations have some of the highest scores in corporate corruption indexes but have less-stringent corruption laws than their counterparts in the U.S. and Europe, said Vivek Chaand Sehgal, chairman of Indian autoparts manufacturing giant Samvardhana Motherson Group.

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