By NEIL HARTNELL Tribune Business Editor The Bahamas Electricity Corporation (BEC) is exposed to "fraud and corruption" as a result of its unwieldy procurement structure, a consultants' report has revealed, although action taken to rectify fuel management deficiencies have reduced the danger of major losses being sustained. The report by German company, Fichtner, financed by the Inter-American Development Bank (IDB) as part of a project to strengthen the Bahamian energy sector, said BEC lacked a procurement function covering all procedures for resources the Corporation purchased, and hinted that there were no divisions between those who dealt with the technical side of bid docume ...

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