World Bank unit’s wage scandal at Tata tea estates a lesson in due diligence

A World Bank Group lender’s credibility has been threatened over questions involving its investment in the tea plantation unit run by Indian conglomerate Tata group, following complaints that the company pays workers just half the minimum wage. The World Bank Group’s International Finance Corp. is an investor. However, several of the company’s plantations have come under criticism from local nongovernmental organizations as workers toil long hours for less than minimum wage…

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