Monday, December 16, 2019

WB corruption: Japanese trust fund also embezzled, six Bank officials fired

Development Today has learned that the World Bank fired three staff members due to two separate cases of corruption and fraud in the Japanese trust fund, the Policy and Human Resources Development Fund (PHRD). Investigations have concluded that kickbacks to Bank officials for PHRD contracts in the late 1990s amounted to a total of USD 215,000.

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