World Bank Takes Anti-Corruption Actions, Debars U.S.-Based Company
On December 3, 2010, the World Bank Group announced it is taking anti-corruption enforcement to another level. It also announced the debarment of a U.S.-based company for 12 years and another company for three years, and, separately, the first-ever World…
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Bank cross-debarments of firms, for engaging in corrupt and fraudulent practices in development projects. The announcement comes just before the International Corruption Hunters Network meeting, which takes place December 6-8, 2010 at the World Bank’s headquarters.