You are here

World Bank debars record number of firms for fraud

Most from North America; Indonesia the only Asian nation among countries with the highest number
Wednesday, October 16, 2013 - 06:00
29540178.jpg
The World Bank is on the warpath against corruption and fraud, which are crippling its extensive development aid projects around the globe - PHOTO: AFP

[SINGAPORE] The World Bank is on the warpath against corruption and fraud, which are crippling its extensive development aid projects around the globe. It debarred four times as many companies in the first seven months of this year as it did for the whole of last year; the number of debarments