World Bank reprimands Sinohydro for hiding $6.9 million fee on Africa project
( June 29, 2016, 22:32 GMT | Official Statement) -- MLex Summary: The World Bank Sanctions Board on Wednesday released a decision reprimanding Sinohydro, a Chinese state-owned construction firm, for not disclosing the use of an agent on a regional dam project in Africa. It paid the unnamed consultant $6.9 million. However, the board did not debar Sinohydro, leaving it free to compete for other bank projects.Statement follows in full. Please see attached Decision....
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