By Sarah McGregor
Sept. 23 (Bloomberg) -- Kenyan government auditors found losses of about 131 million shillings ($1.8 million) in two World Bank-funded projects “due to what appears to be fraud and corruption,” Finance Minister Uhuru Kenyatta said.
As many as 50 project managers, junior and senior staff accused of involvement have been suspended while investigators look into the cases, Kenyatta said at a briefing in the capital, Nairobi, today.
Internal auditors in the Finance Ministry uncovered financial irregularities related to a national education program to enroll students, build schools and improve the quality of teaching and another project to boost incomes in Western Kenya.
Kenya ranks 147 out of 180 nations on Transparency International’s 2008 corruption perception index, according to an annual survey conducted by the Berlin-based watchdog and posted on its Web site.
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