World Bank Continues Internal Measures and Initiates Lawsuits to Recover Alleged Corrupt Payments

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Saturday, August 1, 1998
Author: 
Bruce Zagaris
Volume: 
14
Issue: 
8
329-330
Abstract: 
On July 16, 1998, a media report quoted World Bank President James D. Wolfensohn acknowledging the establishment of a special internal fraud team, the hiring of the accounting firm Price Waterhouse Coopers and two other outside specialists, and the initiation of a lawsuit in the U.S. District Court for the District of Columbia against a former bank official to recover alleged kickbacks... [more]