What is influence peddling?

Influence peddling refers to the illegal or unethical practice of using one's position or connections to gain favors or advantages, often for financial gain. This can involve lobbying government officials, offering bribes, making donations to political campaigns in exchange for favorable treatment, or exerting influence over decision-making processes for personal gain.

Influence peddling is illegal in many countries and is considered a form of corruption. It undermines the integrity of institutions and can lead to unfair advantages for certain individuals or organizations. It can also create an environment of mistrust and lack of accountability in government and business dealings.

Those engaged in influence peddling can face legal consequences, including fines, imprisonment, and damage to their reputation. It is important for governments, businesses, and individuals to be vigilant in identifying and preventing influence peddling to ensure fair and transparent decision-making processes.