Why can’t we invest in companies with serious corruption? I ...

Why can’t we invest in companies with serious corruption? I saw someone posting that if the water is clear, there will be no fish, and cited the case of MBO, but I think we need to stay away from seriously corrupt companies when investing, because:

MBO is to acquire the assets of small shareholders at a premium, while corruption is to steal shareholders' money. They are completely different things. We must spare no efforts to combat corruption, otherwise the normal incentive mechanism will fail and the efficiency of enterprises will seriously decline. If entrepreneurs believe in corruption so much, it is actually Valuable, believe that "when the water is clear, there will be no fish", then no matter how many entrepreneurial books an entrepreneur has read before, the probability of eventual failure will increase sharply, because in addition to making money, many problems will arise. This This will lead to a sharp decline in the competitiveness of enterprises.