Wednesday 25 February 2015

Probe finds no fraud in World Bank Chinese loan deal

DISASTER MANAGEMENT
Probe finds no fraud in World Bank Chinese loan deal
Washington (AFP) Feb 19, 2015 - An internal investigation over the World Bank's controversial handling of a $1 billion loan from China to help poor countries has found no evidence of fraud, according to documents reviewed Thursday by AFP. A law firm hired by the global development lender said there was nothing untoward in the unusual structure to accomodate the loan created by two of the Bank's arms, the International Deve ... more


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