For about three years now, the world has witnessed an historic anti-corruption campaign in China. Sure, it’s political in no small part, a tool that President Xi Jinping has used to control his enemies. But the crackdown is also serving to deter public corruption generally to a remarkable degree.
Entries in Asian Development Bank (4)
Kellogg Brown & Root LLC, Technip S.A., and JGC Corp. agreed to pay $17 million in penalties in a settlement with the African Development Bank (ADB) for corrupt practices by affiliated companies in connection with contracts for liquefied natural gas production plants on Bonny Island, Nigeria from 1995 until 2004.
The Asian Development Bank debarred 34 individuals last year, and 31 firms. Debarred means they're illegible to participate in ADB-financed, administered, or supported activities.