Friday, 23 March 2012

World bank to hand over the zambian government details and names of senior government officials in the previous government who recieved a bribe from alstom corporation of france

the world bank says it will soon hand over to the zambian government details and names of senior government officials in the previous government who received a bribe from alstom corporation of france.
the world bank has slapped a hefty 9.5 million dollars fine on the alstom corporation, a major french engineering company and blacklisted two of its subsidiaries after it admitted to bribing a senior zambian government official.
the world bank fine was imposed after alstom admitted to an “improper payment” of 110 thousand euros to the official for “consultancy services” when the company submitted a bid to perform bank-funded rehabilitation work on hydropower systems at victoria falls in livingstone.
the bribe was paid in 2002, just two years after france outlawed the payment of bribes to officials in ­foreign countries
the zambia electricity supply corporation signed a 45-million dollar contract with alstom hydro france in april 2002.
the tender was issued in 1999 and the project was completed in july 2008 at a cost of 51-million dollars.
the world bank declined to name the official who allegedly received the bribe, saying that disclosure could “jeopardise the security of witnesses”.
but during an interview with selected zambian business journalists, world bank managing director sri mulyani indrawatti said the referral will be sent to the zambian government explaining how the corruption happened and the people involved.
ms. indrawatti says it will then be up to the zambian authorities to act against the official.

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