ADB punishes individuals, firms in $1 billion fraud probe

MANILA, March 12- The Asian Development Bank has imposed sanctions on 30 people and 31 firms for “integrity violations”, following a 2013 fraud investigation into $1 billion worth of projects it funded, the lender said. The ADB said it investigated a record 250 allegations of corruption, collusion, coercion and fraud last year, 10 more than […]



from Capital Business http://ift.tt/1khZS8D

via IFTTT