In Johannesburg, we drink water tainted by WB-supported corruption, which included a false promise to fund the investigation and prosecution into Lesotho Highlands Water Project dam-related bribery. A couple of years ago, the Bank even gave a green light to more work by Acres Int'l and Lahmeyer -- two big construction companies since convicted of bribery -- and at least ten others (including the biggie, ABB) are up for prosecution in coming weeks and months. So instead of debarring, the Bank actively sabotaged the attempts to stop the bribery on Africa's largest single project. You can imagine how incredibly difficult it will be when the WB is faced with pressure to debar ABB, it's largest contractor.
This is yet another reason for us all to support this excellent campaign: http://www.worldbankbboycott.org If any of you have money in your academic pension fund routed through TIAA-CREF, you'll be happy to know that last week, they officially rid themselves of the last WB bonds on their books. If that is your money they were investing in the Bank, you can proudly say that you no longer profit from global apartheid via the World Bank. > Does anybody know if the WB publishes the blacklisted corporations? The > list is only "...nearly 100 companies and individuals .. " Pathetically > short list, but I'd like to see it. > > Gene Coyle > > Eubulides wrote: > > >World Bank Focused on Fighting Corruption > >Graft and Bribery, Once Tolerated, Punished by Blacklisting
