(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.
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.
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.
Kenya to crack down on corruption
(July 21, 2004) Kenyan President Mwai Kibaki has announced the creation of a national committee to fight corruption.
Kenya graft body wants top people probed
(July 21, 2004) The head of a committee set up to educate Kenyans on the need to fight corruption rounded on its creator on Wednesday, urging President Mwai Kibaki to weed out and prosecute ministers guilty of graft.
EU postpones decision on Kenya grants
(July 21, 2004) Amid growing corruption allegations against the Kenyan government, the European Union has postponed a decision on whether to give Kenya new grants, EU and Kenyan officials have said.
Bolivia convicts 15 individuals for fraudulent and corrupt practices based on World Bank referral
(July 21, 2004) Attorney General of Bolivia Oscar Crespo, has informed the World Bank of the criminal conviction of 15 people involved in fraudulent and corrupt activities in relation to the World Bank financed "Participatory Rural Investment Project.
Equatorial Guinea accuses international media of trying to ‘destabilize’ nation
(July 21, 2004) Officials in Equatorial Guinea say the international media are trying to destabilize the small west African nation in the wake of a U.S. Senate probe into controversial accounts held by president Teodoro Obiang Nguema at Rigg’s Bank.
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