UK companies lead Bank hall of corruption shame

14 June 2000

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.