BANKRUPT BANKER
International Corruption Hunters Network (ICHN) Licence to probe: World Bank trains its sights on corruption crackdown | Larry Elliott | Global development | guardian.co.uk
Saturday 9 October 2010
Licence to probe: World Bank trains its sights on corruption crackdown Larry Elliott Global development guardian.co.uk: "International Corruption Hunters Network (ICHN) is not something out of a James Bond novel, but the World Bank's latest initiative for stamping out bribery, fraud and the pilfering of money designed to alleviate poverty.
The idea is a good one. There are countless individual agencies around the world dedicated to stamping out financial crime: pooling their expertise should make it more difficult for the venal to get away with it. And not before time, since the taxpayers who last year provided the $70bn-plus spent by the World Bank in the field need to know that their money is not finding its way into numbered Swiss bank accounts or swelling the profits of unscrupulous companies.
Crackdowns on corruption are nothing new. James Wolfowitz arrived at the bank in 2005 vowing to root out wrongdoing but promised far more than he delivered. So what's different this time?"
