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China State Construction Engineering Corp cut from Norway’s wealth fund over corruption concerns

( September 6, 2024, 08:37 GMT | Official Statement) -- MLex Summary: China State Construction Engineering Corp has been excluded from Norway's state wealth fund, due to the "unacceptable" risk of corruption it poses. Norges Bank said it had accepted a recommendation from its ethics committee to exclude CSCEC from the fund after the company failed to respond to questions about its links to suspected corruption.Statement follows. The decision is attached....

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