WORLD BANK DEBARS CHINESE ENGINEERING AND CONSTRUCTION COMPANY

On 28 October, a post on the FCPA Blog advised that Beijing-based China Electric Design and Research Institute Co Ltd (CEDRI) is now ineligible to participate in World Bank-financed projects during its 18-month debarment.  CEDRI is a subsidiary of the China National Electric Engineering Co Ltd (CNEEC), a state-owned international engineering company, which was also sanctioned by the World Bank.  The debarment is connected allegedly fraudulent practices linked to a $210 million World Bank-funded project in Zambia.

https://fcpablog.com/2020/10/28/world-bank-debars-unit-of-state-owned-china-construction-company/

The post also provides a list to all current World Bank debarments –

http://www.worldbank.org/en/projects-operations/procurement/debarred-firms 

 

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

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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