World Bank debars state-owned Chinese engineering company
The World Bank
debarred a Chinese state-owned engineering and construction company Wednesday for 15 months for fraud involving a project in China.
Jiangxi Geo-Engineering (Group) Corporation (Jiangxi GE)
is ineligible to participate in World Bank-financed projects during the 15-month debarment.
The company’s 14 wholly-owned subsidiaries were also debarred.
The $431 million World Bank-funded project
was designed to improve the quality and efficiency of some public transport services in the Chinese cities of Harbin and Mudanjiang.
Jiangxi GE
submitted a falsified completion certificate of a previous outside contract, which is a fraudulent practice under the World Bank Procurement Guidelines.
To mislead the bid evaluation committee and the project management office,
the certificate
falsely asserted that Jiangxi GE had completed the outside contract.
Jiangxi GE didn’t ultimately win the contract, the World Bank said.
The FCPA Blog
https://fcpablog.com/2019/11/20/world-bank-debars-state-owned-chinese-engineering-company/