Monday, December 11, 2006

Fraud probe over a wonder of the world

"British police are investigating the role of one of the country’s biggest construction firms in what was originally a £71m contract to rebuild the Great Library of Alexandria, one of the wonders of the ancient world.
The Serious Fraud Office (SFO) has interviewed several employees of Balfour Beatty over their role in the contract in Egypt to build one of the architectural jewels of the Middle East.
A Unesco world heritage site, the modern Bibliotheca Alexandrina, on the shores of the Mediterranean, was completed in 2001. The library and cultural centre was designed to commemorate the original library, whose loss in antiquity was said to have changed the course of western civilisation.
Sources close to the inquiry said detectives were focusing on why the fixed-price contract issued by the Egyptian education ministry apparently rose by more than £50m after the work was commissioned."
See the above article for more.

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