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June 6, 2006

World Bank suspends 3 Cambodian projects

PHNOM PHEM (Associated Press) - World Bank announced Tuesday it will suspend funding to the Cambodian government for three development projects after finding evidence of fraud and corruption.

In a statement e-mailed to The Associated Press Tuesday night, the bank said its investigations found corruption and other irregularities in seven projects -- including three already completed and one that had already...

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Posted by rjorr at June 6, 2006 12:35 PM