Canadian engineering and construction giant SNC-Lavalin said Thursday the company and two subsidiaries have been charged with criminal corruption and fraud.
Entries in World Bank (75)
The World Bank Group Sanctions Board is the final decision maker in contested cases of sanctionable practices in World Bank Group-financed development operations -- primarily fraud, corruption, and collusion. Current members of the Sanctions Board include top international arbitrators, high court justices, and other leading jurists and development experts from around the world.
Last week, we participated in a panel discussion at the World Bank, titled “Voice of Corruption Hunters in Social Media.” The panel was part of the World Bank’s International Corruption Hunters Alliance (ICHA) Conference and served as an opportunity for several of us in the communication and academic worlds to discuss the importance of social media for sharing anti-corruption ideas and strategies.
Canada's biggest engineering and construction firm is recovering more than $13 million, claiming it was a victim of alleged bribes paid to the son of former Libyan dictator Moammar Gadhafi.
With most enforcement pressure bearing down on corporate supply side bribe payers, it is no surprise that the business community feels beleaguered. The fundamental unfairness is of course the impunity with which bribe takers operate, a frequent topic on the FCPA Blog.
Before I move on to the concluding posts in this series on Collective Action, I’d like to respond to some of the comments which you have made over the last few weeks. In this post I’d like to talk about the role of the World Bank in promoting Collective Action.
World Bank Group President Jim Yong Kim recalls the question Paul Volcker posed to a group of anti-corruption leaders assembled in Washington, D.C.: "If the World Bank doesn’t take the lead against corruption, who else is going to do it?"