The new mercy for corrupt firms that fess up

The new mercy for corrupt firms that fess upJust before its annual meeting this week, the World Bank announced that an African railroad company would be barred for two years from any new loans from the bank because of a corrupt act. This is the latest example of a legal trend in many countries, from Argentina to Singapore, as well as at the World Bank. Another assumption is that such a deal, called a deferred prosecution agreement (DPA), will provide incentives for companies to self-report misconduct.



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