WORLD BANK DEBARS SPANISH CONSTRUCTION COMPANY FROM CONTRACTS

A post on the FCPA Blog on 16 September advised that the World Bank debarred a publicly-traded Spanish engineering and construction company FCC Construcción SA and 36 global subsidiaries for 2 years for fraud and collusion involving a project in Colombia.  They are ineligible to participate in World Bank-financed projects during the 2-year debarment.  The debarment also applies to projects involving the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank, and the African Development Bank.

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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