African Development Bank debars state-owned China firm for fraud
Richard L. Cassin
August 24, 2017
A China state-owned enterprise was debarred for at least a year by the African Development Bank (AfDB) Tuesday for lying about its past experience.
Chongqing International Construction Corporation (CICO) “engaged in a fraudulent practice” during bids for an AfDB-financed road project in Uganda, according to the AfDB’s Office of Integrity and Anti-Corruption.… Continue Reading