World Bank debars Odebrecht construction units for fraud and collusion
Tuesday, January 29, 2019 at 11:08AM
The World Bank
Tuesday debarred
Brazil-based construction company
Construtora Norberto Odebrecht S.A.
for three years for “fraudulent and collusive practices” during a project in Colombia.
Also debarred were Odebrecht construction subsidiaries based in
Colombia,
Chile,
Panama,
Peru,
Barbados,
Angola,
the United States,
Luxembourg,
Austria,
the Cayman Islands.
Construtora Norberto Odebrecht and the other Odebrecht companies named Tuesday are ineligible to participate in World Bank-financed projects during the debarment.
The company — a subsidiary of Odebrecht S.A. — admitted it committed “the underlying sanctionable practices.”
The project in Colombia was the World Bank-financed Río Bogotá Environmental Recuperation and Flood Control Project.
It was designed to improve water quality and reduce flood risks along the Bogotá River.
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