World Bank debars Shenzhen-listed electrical engineering firm
The World Bank
debarred a Chinese electrical engineering company Wednesday for 15 months for “fraudulent practices” involving a project in Liberia.
Dongfang Electronics Co. Ltd. (Dongfang), which provides electrical engineering, manufacturing, and R&D services,
is ineligible to participate in World Bank-financed projects during the 15-month debarment.
Dongfang
falsified two letters during the bidding process, claiming that an equipment manufacturer had authorized Dongfang to supply and install equipment, which is a fraudulent practice, the World Bank said.
Shenzhen-listed Dongfang didn’t win the contract.
The $60 million Liberia Accelerated Electricity Expansion Project Additional Financing was designed to increase access to electricity and strengthen institutional capacity in the West African country’s electricity sector.
As a condition of the settlement,
Dongfang
committed to developing an integrity compliance program consistent with the principles set out in the World Bank Group Integrity Compliance Guidelines and to continue fully cooperating with the World Bank Group Integrity Vice Presidency.
Wednesday’s debarment qualifies for cross-debarment by
the Asian Development Bank,
the European Bank for Reconstruction
the Inter-American Development Bank,
the African Development Bank.
World Bank Group Debars Dongfang Electronics Co. Ltd.