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National Grid Transco Faces Allegations of Bribery

In July 2003 it was reported that the UK Department of Trade and Industry was investigating a complaint against National Grid Transco under the UK's new anti-corruption laws brought in as a result of the OECD Anti-bribery Convention.

The power company was accused of improperly profiting from its investment in Zambia's Copperbelt Energy, a former state company which was privatised by the African country in controversial circumstances in 1997.

National Grid strongly denies any wrongdoing.

References
The Observer  [Publication date: 20/7/2003] 'National Grid faces corruption inquiry' by Conal Walsh
   http://observer.guardian.co.uk/business/story/0,6903,1001509,00.html?81%3A+Obse
   rver+business
[ Date URL accessed: 22/7/2003 ]

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