世界银行新加坡上市公司的脱销部门以隐瞒代理人的佣金

世界银行新加坡上市公司的脱销部门以隐瞒代理人的佣金

世界银行

因与孟加拉国一个项目有关的招标文件中的虚假陈述,周三对新加坡一家船舶设备供应商进行了六个月的禁止。

杰森电子(私人)有限公司

没有透露其向当地代理商支付佣金和费用的协议。

欺诈行为

世界银行表示,这是“世界银行集团采购指南中所定义的欺诈行为”。

Jason Electronics

is a wholly owned subsidiary of Jason Marine Group Limited. Jason Marine is listed on the Singapore stock exchange. It specializes in providing marine communications and navigation systems.

During the six-month debarment,

Jason Electronics is ineligible to participate in projects and operations financed by the World Bank Group.

“The settlement agreement provides for a reduced period of debarment in light a fraudulent practice of the company’s cooperation and voluntary remedial actions,” the World Bank said.

The company

acknowledged “responsibility for the underlying sanctionable practice” and agreed to meet specified corporate compliance conditions in order to be released from debarment.

The Urban Resilience Project in Bangladesh

was designed to help government agencies deal with natural disasters in Dhaka and Sylhet.

The World Bank financed about 95 percent of the $182 million project.

The FCPA Blog

https://fcpablog.com/2020/12/09/world-bank-debars-unit-of-listed-singapore-company-for-concealing-agents-commission/