ADB blacklists 41 firms, 38 persons for corruption

The Asian Development Bank (ADB) sanctioned 41 firms and 38 individuals last year for corruption but did not provide the names of those it penalized, the lender said in a posting on its Web site.

In a report from the bank’s Integrity Division, the ADB said 552 firms and individuals have been banned from working for the ADB since it began investigating corruption allegations in 1998.

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