Financial Times FT.com

World Bank bars companies in cartel probe

By Roel Landingin in Manila and Geoff Dyer in Beijing

Published: January 15 2009 09:42 | Last updated: January 15 2009 17:07

The World Bank has barred four Chinese and three Filipino construction companies from bank-backed work on suspicion of conspiring to rig tenders for road projects in the Philippines.

The suspensions will be an embarrassment to the Chinese government, which has faced allegations that its no-strings attached lending to other developing countries has weakened efforts to fight corruption.

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