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FCPA Blog Daily News

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Tuesday
May162017

World Bank debars India infrastructure firm

The World Bank Group announced the debarment Monday of Feedback Infra Pvt. Ltd. and five of its affiliates for one year.

A World Bank investigation revealed evidence that Feedback’s staff "recklessly verified, and certified for payment" three invoices that made "false materials advance claims, based upon fictitious steel purchases."

The firm was working on a construction supervision contract for the Lucknow-Muzaffarpur National Highway Project.

The debarment is part of a Negotiated Resolution Agreement between the World Bank and the company.

The World Bank said the one-year debarment will be followed by an additional one-year conditional non-debarment period, "with the possibility of early release from conditional non-debarment pending fulfillment of compliance and cooperation conditions."

Feedback Infra has about 8,000 planners, architects, engineers, and social and environmental scientists, according to a company fact sheet (pdf).

The World Bank in 2013 debarred (pdf) the prime contractor on the Lucknow-Muzaffarpur National Highway Project, Progressive Constructions Pvt. Ltd., for at least 11 years.

The Bank said Monday that "Feedback has committed to cooperate with the World Bank Integrity Vice Presidency and take steps to enhance its corporate compliance program in line with international standards."

A list of all firms currently debarred by the World Bank is here.

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Richard L. Cassin is the publisher and editor of the FCPA Blog.