China also has to pull out of three infrastructure projects in Bangladesh because of apparent embezzlement.
China which is already suffering from a poor image in corporate ethics, has hit another blow as Chinese companies have violated the laws of the land in Bangladesh causing loss to the exchequer. Bangladesh authorities have found that a Chinese company China Road & Bridge Corporation (CRBC), a subsidiary of China Communications Construction Company (CCCC) engaged in the construction of road and bridges in Bangladesh is involved in tax evasion while importing construction material for government projects, according to Bangladesh Live News.
