(July 24, 2004) Acres barred from bank-funded work following overseas bribery conviction.
World Bank penalizes Canadian company
(July 24, 2004) The World Bank has, for the first time, levied penalties against a Western company for corruption, banning prominent engineering firm Acres International from bidding on bank-financed projects for three years.
World Bank blacklists Canadian MNC
(July 24, 2004) The World Bank said on Friday that it had blacklisted its first multinational with the debarring of Canadian engineering firm Acres International from new contracts for three years.
World Bank blacklists firm
(July 23, 2004) The World Bank has blacklisted its first multinational, debarring Canadian engineering company Acres International from new contracts for three years.
World Bank bars Acres International over Lesotho water project
(July 23, 2004) Acres International was barred from seeking World Bank contracts for three years after the lender said Acres bribed government officials in the African nation of Lesotho to get favorable treatment on a water project.
World Bank sanctions Acres International Limited
(July 23, 2004) The World Bank has sanctioned Acres International Limited (Acres), a Canadian company, as a result of corrupt activities related to its Bank-financed contract associated with the Lesotho Highlands Water Project.
PRESS RELEASE Landmark decision will lead to other debarments
(July 23, 2004) Canadian-based foreign aid watchdog Probe International welcomed the World Bank’s decision today to blacklist Canadian engineering company Acres International from receiving World Bank contracts for the next three years and predicts the Bank’s blacklisting of Acres will lead to more debarments of other companies convicted in the Lesotho corruption trials.
Banks need to come clean about money laundering
(July 23, 2004) When it comes to money laundering, it’s better to do it big time.
Landmark decision will lead to other debarments: analyst
(July 23, 2004)Canadian-based foreign aid watchdog Probe International welcomed the World Bank’s decision today to blacklist Canadian engineering company Acres International from receiving World Bank contracts for the next three years and predicts the Bank’s blacklisting of Acres will lead to more debarments of other companies convicted in the Lesotho corruption trials.
World Bank sanctions Acres International Limited
(July 23, 2004) The World Bank in its press release announcing a three-year ban on new Bank contracts for Acres International, said its sanctions committee had considered a number of mitigating factors in its ruling.
World Bank bars Canada’s Acres for corruption
(July 23, 2004) The World Bank announced today it had blacklisted the Canadian engineering company Acres International for three years for corruption in a massive bank-financed dam project in Lesotho.
NGO alliance demands audit of World Bank loans to Indonesia
(July 22, 2004) Non-governmental organizations grouped in the Coalition Against Debt (KAU) called for the establishment of an independent body to audit World Bank loans to the country to determine whether or not they must be repaid in full.
Pinochet victims make case for financial crimes
(July 21, 2004) A Chilean court formally opened an investigation into former dictator Augusto Pinochet’s finances for the first time on Tuesday after the disclosure of secret U.S. bank accounts led to accusations of fraud.
Judge to probe Pinochet finances
(July 21, 2004) A court in Chile has started an investigation into allegations of corruption against the former leader Augusto Pinochet.
The Fall of Riggs
(July 21, 2004) It’s sad when a local institution disappears, and the case of Riggs Bank is especially so.
Patricia Adams
Dai Qing
Fan Xiao
Lawrence Solomon
Mu Lan
Probe International
Lisa Peryman
Probe Media
Other News Sources
Probe International 