Shortpedia Mobile App Download Shortpedia News App

For fraud and corruption, Indian companies face ban from World Bank

In trouble due to fraud and corruption, several Indian companies and a few individuals from India have been banned by the World Bank from many of its projects across the world, informed by a multi-lateral leading agency. The World Bank on Wednesday informed that it has banned Indian companies Olive Health Care and Jay Modi over fraud and corrupt practices. In total 78 companies and individuals have been banned by the bank.