Whats it called?

[oracleslave]

But given that that country has the highest level of executive fraud in the world, it isn't surprising.

Where's that then?

[NotAllThere]

Let's just say that strong banking secrecy laws help considerably.

[Peoplesoft bloke]

Is the word you're thinking of nepotism?

[NickFitz]

Is the word you're thinking of nepotism?

No. Nepotism is "the practice among those with power or influence of favouring relatives or friends, esp. by giving them jobs."

ORIGIN mid 17th cent.: from French népotisme, from Italian nepotismo, from nipote ‘nephew’ (with reference to privileges bestowed on the “nephews” of popes, who were in many cases their illegitimate sons).