The World Bank has said it has uncovered "serious incidents of fraud and corruption" in a review of five health projects it has backed in India.
The multi-million dollar projects, some of which date back to 1997, involve HIV/Aids, malaria and tuberculosis.
"The probe has revealed unacceptable indicators of fraud and corruption, said World Bank head Robert Zoellick.
India's government said it took the findings seriously and would punish anyone found guilty of wrongdoing.
The evidence of fraud was revealed in a newly released Detailed Implementation Review, begun by the World Bank in 2006.
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