China Calls on World Bank to Provide Evidence of Graft
The World Bank has accused four Chinese construction firms of corruption and and banned them from working on a project in the Philippines. From AFP:
The World Bank on Thursday said it found evidence of collusion among four Chinese and three Filipino construction firms in the bidding for a road project in the Philippines.
The bank subsequently cancelled the tender for 33 million dollars’ worth of contracts, and banned the firms from future tenders.
“The companies said there were flaws in the World Bank’s investigation in terms of evidence and investigation procedures,” Yao Jian, spokesman of China’s commerce ministry, said in a statement posted on his ministry’s website.