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World Bank Probes Fraud, Corruption In Drug-Funded Projects In India

This article was originally published in PharmAsia News

Executive Summary

The World Bank says "serious incidents of fraud and corruption" have occurred in India and $570 million worth of health projects funded by the global organization. The Bank said it and the Indian government are investigating whether companies that bid on contracts to supply drugs or other material for the projects were involved or whether Bank or government officials were involved. A two-year-old internal review discovered problems in five projects dealing with AIDS, malaria, tuberculosis and other diseases going back to 1997. (Click here for more - may require a subscription

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