The World Bank Wednesday debarred a state-owned Vietnamese water and sewerage treatment company for one year for “fraudulent practices” involving a project in Vietnam.
Vietnam Water and Environment Investment Corporation — JSC (VIWASEEN) is ineligible to participate in World Bank-financed projects during the 12-month debarment.
After the debarment period, VIWASEEN will be sanctioned with “conditional non-debarment” for 18 months.
During two World Bank-financed projects, VIWASEEN submitted bids and won contracts but later transferred all of the work to its affiliates.
The projects were the Mekong Delta Water Resources Management for Rural Development Project and the Urban Water Supply and Wastewater Project.
http://www.fcpablog.com/blog/2019/3/27/world-bank-debars-vietnam-water-and-sewerage-company.html