World Bank Lists 198 Chinese Ineligible Firms and Individuals

China is using its state funded infrastructure companies in various parts of Asia and Africa and have recently come under the scanner of the World Bank for alleged gross financial malpractices. After detailed investigations, World Bank lists 198 Chinese Ineligible firms and individuals. World Bank temporarily banned some of the Chinese companies while extending the ban for many Chinese companies till the year 2999 that are involved in the projects for their gross financial malpractices, money laundering and corrupt practices.