World Bank debars Chinese construction company
The World Bank debarred a Chinese construction company Wednesday for 15 months for a “fraudulent practice” involving a project in Samoa.
Beijing Jingold Construction Co., Ltd (BJC)
is ineligible to participate in World Bank-financed projects during the 15-month debarment.
BJC had a history of contract non-performance at the time of bidding,
but knowingly misrepresented this fact when it bid on a contract to provide airport infrastructure, which is a fraudulent practice, the World Bank said.
The $38 million World Bank funded project
was designed to improve operational safety and oversight of international air transport and associated infrastructure in Samoa.
BJC didn’t ultimately win the contract.
Also listed in the debarment for the same period as the parent are Beijing Jingold Sunshine Engineering Technology Co., Ltd. and Beijing Jingold Airport Construction (Liaoning) Co.
As a condition of the settlement agreement, BJC committed to continue to fully cooperate 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 Development,
the Inter-American Development Bank,
the African Development Bank.
The FCPA Blog
http://www.fcpablog.com/blog/2019/8/14/world-bank-debars-chinese-construction-company.html