Lesotho corruption verdict

Following a seven month trial, Canadian company Acres International was convicted on two counts of bribing an official to secure contracts for the Lesotho Highland Water Project, which received financing from the World Bank. This ruling contradicted an earlier World Bank investigation which dismissed corruption claims due to lack of evidence. "We expect the Bank to disbar Acres now that they have been found guilty of corruption on a World Bank contract," said Ryan Hoover of the Berkeley based International Rivers Network. Other companies will be tried soon.

www.irn.org

Bank downplays Lesotho dam corruption , Bretton Woods Update 27

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Published: 26 November 2002 , last edited: 15 July 2003

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