WORLD BANK DISBARS COMPANIES OVER CORRUPTION CLAIMS
January 1st, 2012
BY PETER DA COSTA
THE WORLD Bank has barred a subsidiary of Texas-based engineering giant from its programmes for two years after KBR Kellogg Brown & Root Pty Ltd (KBR Pty) was found breaking guidelines in a bank-financed water supply project in Vietnam. KBR Pty, an Australian subsidiary, said a bank communiqué "misrepresented the availability of key consultants during contract negotiation and execution, which resulted in KBR Pty being awarded the contract and led to delays in contract execution." The bank has also barred Indonesian company PT ...
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