World Bank bars Alstom units for 'improper payment'
Wed, 22 Feb 2012 07:01:34 -0800
WASHINGTON (Reuters) - The World Bank on Wednesday barred two subsidiaries of French engineering company Alstom from participating in projects financed by the global development bank for the next three years for "improper payment" in a Zambian hydropower project. A settlement between the World Bank and Alstom, which the Bank said had acknowledged the "misconduct," includes a restitution payment ...
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