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FCPA Blog Daily News

Entries in debarment (50)

Thursday
Aug242017

African Development Bank debars state-owned China firm for fraud

A China state-owned enterprise was debarred for at least a year by the African Development Bank (AfDB) Tuesday for lying about its past experience.

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Monday
Jul172017

World Bank debars two AECOM units

The World Bank Group announced the debarment Friday of AECOM Asia Company Limited for 18 months for violating the Bank's guidelines for consultants.

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Friday
Jul072017

World Bank debars Germany’s Fichtner GmbH for Africa misconduct

The World Bank debarred Fichtner GmbH & Co. KG for fifteen months after a former employee took bribes to influence contract awards on a project in Africa.

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Tuesday
May162017

World Bank debars India infrastructure firm

The World Bank Group announced the debarment Monday of Feedback Infra Pvt. Ltd. and five of its affiliates for one year.

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Thursday
May112017

World Bank debars China construction companies, Romania medical equipment supplier

The World Bank announced the debarment of two China construction companies and a medical equipment supplier in Romania.

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Wednesday
Apr192017

Event: Global Investigations Breakfast at Freshfields (DC - April 21)

The partners of Freshfields Bruckhaus Deringer are inviting readers of the FCPA Blog to a Global Investigations breakfast to discuss resolving fraud and corruption investigations by the World Bank and Inter-American Development Bank related to the more than $71 billion in corporate contracts they fund each year.

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Tuesday
Apr112017

World Bank debars Denmark engineering firm for Vietnam, Indonesia bribes

The World Bank Group announced the debarment of Consia Consultants ApS for 14 years for fraud and corruption. Consia’s Managing Director was also debarred for three and a half years.

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Wednesday
Mar222017

Hamid Sharif: Asian Infrastructure Investment Bank takes strong stance against corruption

There are commonalities across the sanction regimes of multilateral development banks (MDB). All have clearly articulated prohibited practices, investigation and sanction procedures, often including an array of possible sanctions and appeals process.

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Monday
Oct242016

World Bank debars Vietnam construction firm

The World Bank Group debarred Minh Anh Construction Joint Stock Company for misrepresenting facts during a project bid in Vietnam.

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Thursday
Oct202016

Development Bank Officials Share Insights on Managing Corruption Risks and Investigations 

Freshfields partner Dan BraunThe World Bank and other multilateral development banks (MDBs) fund more than $117 billion in projects each year. While not regulators, they have unique powers to investigate and punish companies for misconduct, like fraud and corruption, in the projects they finance.

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Wednesday
Oct122016

World Bank debars AC Boilers SpA after Egypt bids

The World Bank Group Tuesday debarred AC Boilers SpA and two affiliates for nine months for violating integrity guidelines during bids in Egypt.

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Monday
Oct102016

World Bank sanctioned 58 entities this year, longest debarment was 22.5 years

Last Friday, we released our 2016 Annual Update which outlines how we have countered the threat of corruption on behalf of the World Bank, the collective effort of 83 dedicated staff in Washington, DC and countless partners around the world. 

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