AFRICAN DEVELOPMENT BANK DEBARS DANISH CONTRACTOR OVER FRAUDULENT PRACTICES IN POWER PROJECT

On 9 June, Energy Mix reported that the African Development Bank Group has announced the debarment of Burmeister & Wain for a period of 21 months, for engaging in sanctionable practices in a power generation project financed by the Bank in Mauritius.  It is said that the Bank has concluded that it is more likely than not that the company engaged in fraudulent and corrupt practices in the context of this project.  The debarment imposed by the Bank renders Burmeister & Wain ineligible to participate in Bank-financed projects and thus to benefit from its financing during the debarment period.

https://www.energymixreport.com/afdb-debars-danish-contractor-over-fraudulent-practices-in-a-power-project/

 

 

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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

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