World Bank debars two companies in separate actions –

World Bank debars two companies in separate actions –

The World Bank

debarred a Spanish engineering company Thursday for cheating on a bid and lying about its work progress.

Ingeniería Especializada Obra Civil e Industrial S.A.U. was debarred for 28 months.

The World Bank

said the company engaged in “corrupt, collusive and fraudulent practices” in connection with the bank-financed National Roads and Airport Infrastructure Project in Bolivia.

At the time of the misconduct the firm’s name was Acciona Ingeniería S.A. It operated in Bolivia through a branch office.

During bidding for work

intended to improve safety and security at Bolivia’s Rurrenabaque Airport,

the Spanish company arranged “to replace a bid form following bid submission,” the World Bank said.

After winning the contract, the company approved certificates inflating the progress of its work.

The 28-month debarment qualifies for cross-debarment by

the Asian Development Bank,

the European Bank for Reconstruction and Development,

the Inter-American Development Bank, and

the African Development Bank.

The FCPA Blog

https://www.fcpablog.com/blog/2019/9/12/world-bank-debars-two-companies-in-separate-actions.html