Saturday, May 15, 2010

Macmillan faces World Bank ban


We thought this only happened in Malaysia; book publishers sewing up the school text-book market. It is said to be the ‘rice bowl’ of the politically connected, the road to riches. That’s where the market is. Many don’t even have to try to get their books adopted by schools and libraries. The public does not even get to see them, because conventional marketing is too much trouble, and sales unpredictable.

British publisher, Macmillan is facing a six-year ban from taking up any educatioal book contracts financed by the World Bank in Sudan after the publisher admitted to “bribery payments” to secure a deal. Dumb. First of all, never admit. Lie. Lie like hell, even under oath. Second of all, call them “kow-thim” payments. Obviously, the Brits can learn a thing or two about corruption from Malaysians.

The Multi-Donor Trust Fund is run by the World Bank on behalf of international donors for development projects in the African region. Macmillan said it is "deeply shocked" at the discovery, another sign of an amateur, and that it will not tolerate improper behaviour as a company. Right.

The ban has already been reduced from eight years because of the speed with which Macmillan admitted the "corrupt payments", and further reduction could be offered for “cooperation” in getting to the bottom of the affair -- whether that involves a scapegoat is unclear.

Truth is, one would be shocked if there are no bribery payments involved, no?

BBC

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