Wednesday, May 09, 2007

Bank ethics panel corners Wolfowitz


World Bank president Paul Wolfowitz's hold on his job appeared ever more tenuous today after an internal probe found he had violated bank rules in arranging a sweet pay deal for his companion.

Nearly a month after the accusations surfaced and rocked the 185 country development lender, a World Bank ethics panel set up to investigate the matter has unequivocally found Wolfowitz breached bank rules, a European source said.

"The committee concluded clearly that Mr Wolfowitz did not respect the rules," the source told AFP.

See full Article.