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The World Bank fired a Chinese company for bribery

The World Bank has banned construction companies in China on Wednesday for two years for fraud and corruption related to work in China.

An employee and junior member of Zhejiang First Hydro & Power Construction Group Co. (First Hydro) provided by China and backed by two government officials for the contract.

First Hydro also stated its intention to compile the materials required to implement the contract as well as the availability of the experts specified in it.

The corrupt and deceitful, individually, the World Bank said.
The $ 127 million World Bank's Guangxi Laibin Water Environment Project is designed to reduce the risk of flooding and improve drainage in selected areas of Laibin city.

As part of the overhaul, the company is determined to continue to support the Bank of America’s Banking Initiative.

Wednesday’s damage is greatly reduced due to Hydro’s unique support and voluntary repairs, the World Bank said.

Within two years of the disaster, the first Hydro was ineligible to participate in the operation and operation of the World Bank building.

The damage was justified by cross-cutting by the Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank, and the African Development Bank.

 

He is the CEO of Recathlon LLC. The firm provides global obedience information and data services and is the owner of FCPA Blog. He lived and worked in Asia (Singapore and Hong Kong) for many years and joined the FCPA Blog in 2010. He holds an IACA Level 1 corruption degree and a master’s degree in the University of Valparaiso in national economics the world and the Chinese.
 

Written by saadghufran25

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