World Bank: Procurement ban from Indian waste management company: REEL and Reddy
World Bank:
Indian waste management and environmental services company banned from procurement on Wednesday.
Banned for 1 year and 8 months due to fraud related to India project.
Ramky Enviro Engineers Limited (REEL),
And Managing Director, M. GouthamReddy,
Disqualified from participating in World Bank funding projects during the 20-month ban.
According to the World Bank,
REEL and Reddy failed to disclose a subcontractor when bidding for a contract.REEL also failed to obtain prior approval before subcontracting works under the contract and misrepresented the existence of this subcontracting arrangement.
This constitutes a fraudulent practice under the World Bank’s Procurement Guidelines.
The $65 million World Bank-funded project
was designed to strengthen the capacity of selected state pollution control agencies in the remediation of polluted sites and
support the development of a framework to establish a national program in Indian for the remediation of polluted sites.
According to the World Bank,
the settlement agreement
provides a reduced period of debarment forthe company’s cooperation,
voluntary restraint,
and voluntary remedial actions,including revisions to REEL’s integrity compliance program.