Kleptocracy - Wikipedia

Kleptocracy (from Greek: κλεπτοκρατία, klépto- thieves + -kratos rule, literally "rule by thieves") is a government with corrupt rulers (kleptocrats) that use their power to exploit the people and natural resources of their own territory in order to extend their personal wealth and political power. Typically this system involves the embezzlement of state funds at the expense of the wider population, sometimes without even the pretense of honest service.

en.wikipedia.org/wiki/Kleptocracy