Search

Editors

Harry Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Richard L. Cassin Editor at Large

Elizabeth K. Spahn Editor Emeritus 

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor


FCPA Blog Daily News

« Mexico joins the anti-bribery enforcement bandwagon | Main | How can we understand the world's various debarment regimes? »
Wednesday
Jun122019

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 and Development, the Inter-American Development Bank, and the African Development Bank.

A list of all World Bank debarred entities and individuals is here.

____

Harry Cassin is the publisher and editor of the FCPA Blog.

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
All HTML will be escaped. Hyperlinks will be created for URLs automatically.