WORLD BANK DEBARS CHINESE ELECTRICAL EQUIPMENT COMPANY OVER FRAUD INVOLVING A POWER PROJECT IN ZAMBIA

On 6 May the FCPA Blog reported that Beijing-based Liaoning-EFACEC Electrical Equipment Company Limited (LEEEC) is ineligible to participate in World Bank-financed projects during the 20-month debarment. It is said to have failed to disclose a conflict of interest and misrepresented its past contract experience. The post also provides a link to all current World Bank debarments.

https://fcpablog.com/2020/05/06/world-bank-debars-china-power-company-for-fraud/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017