Skip to content


Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Unclean Hands At World Bank, Leader Charges

Bangladesh fired back at the World Bank with its own accusations after funding for the Padma Bridge project was cut due to alleged corruption and misuse of money by Bangladeshi officials.

Prime Minister Sheikh Hasina accused the World Bank of irregularities. She said her country was pressured into hiring a Chinese contractor previously disqualified by the World Bank for fraud.

She also accused the World Bank of employing ‘delaying tactics’ in the disbursal of funds.

The suspension of funds for the $2.9 billion bridge leaves Bangladesh in a difficult spot. It has already spent $180 million of its own money on the project, part of which was supposed to be refunded with donor money. Almost half of Bangladesh’s development spending is funded by foreign aid.

Last month, two executives from Montreal-based engineering firm SNC-Lavalin Group Inc were charged in a Toronto court with bribing officials in Bangladesh.

Canadians Ramesh Shah and and Mohammad Ismail were arrested during an investigation of bidding practices for the Padma Bridge project.

The World Bank, which alerted Canadian authorities, said it had ‘credible evidence’ of corruption involving Bangladeshi officials.

Here are reports from the Wall Street Journal and the Daily Star.


Melanie Lansakara is a researcher at ethiXbase.

Share this post


Comments are closed for this article!