Thursday, January 17, 2008

Head of World Bank Fraud Unit Resigns


WASHINGTON — Six months after taking over as president of the World Bank, Robert B. Zoellick faced new turmoil on Wednesday over a campaign against corruption in bank lending, with the resignation of the chief of the bank’s antifraud unit.

Bank officials said that despite Mr. Zoellick’s efforts to heal the wounds left from the stormy tenure of his predecessor, Paul D. Wolfowitz, the resignation of Suzanne Rich Folsom, Mr. Wolfowitz’s top deputy in his anticorruption campaign, was stirring new bitterness. They said that several of Ms. Folsom’s aides were also resigning.

Mr. Wolfowitz, who had made the battle against corruption a priority, was ousted as bank president last year after the disclosure that he had arranged a pay increase and promotion for his companion, a bank employee, in 2005.

Continued . . .

No comments: