Reuters: World Bank uncovers fraud in India health projects

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The World Bank has identified significant fraud and corruption in five health projects in India, as revealed in a Detailed Implementation Review initiated in 2006. Bank President Robert Zoellick emphasized the commitment to investigate these serious incidents, which involve projects related to HIV/AIDS, malaria, and tuberculosis dating back to 1997. The Indian finance ministry has announced intentions to pursue criminal charges against those implicated in the wrongdoing.

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EnumaElish
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Sat 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.
http://in.reuters.com/article/topNews/idINIndia-31361020080111

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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EnumaElish said:
http://in.reuters.com/article/topNews/idINIndia-31361020080111

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).
Thank god that the US fed dropped its interest rates to save the indians again and again and again.. ohh wait that was to save the french :rolleyes:
 
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