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http://in.reuters.com/article/topNews/idINIndia-31361020080111Sat Jan 12, 2008 1:21am IST
By Lesley Wroughton
WASHINGTON (Reuters) - The World Bank said on Friday it had uncovered "serious incidents" of fraud and corruption in a review of five health projects in India and Bank President Robert Zoellick pledged he and the government would get to the bottom of it.
Evidence of problems was found in a just-released Detailed Implementation Review launched by the World Bank in 2006, with the support of the Indian government. It looked at the five World Bank-supported projects, some dating back to 1997, for HIV/AIDS, malaria and tuberculosis.
[...]
Meanwhile, India's finance ministry said it would pursue criminal charges against anyone found guilty of wrongdoing.
My 2 cents on this is, at least somebody discovered it (= 1 cent for the good news) and something tells me this is the tip of an immense iceberg (= 1 cent for the bad news).
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