Over half of companies breaching World Bank guidelines on fraud and corruption are British. The list of firms “ineligible to be awarded a World Bank-financed contract because they were found to have violated the fraud and corruption provisions of the Procurement Guidelines or the Consultants Guidelines” contains 54 companies – 36 UK-based. The findings process permitted accused firms and individuals to respond to the allegations. Projects found to involve bribery or misrepresentation include a telecoms project in Turkmenistan.
UK companies lead Bank hall of corruption shame
14 June 2000