On 25 February, the FCPA Blog reported that the World Bank has debarred a German construction and engineering company – Ferrostaal Oil & Gas GmbH – that serves the oil and gas industry for 13 months for a fraudulent practice connected to a project in Myanmar. The alleged corruption was involved in the $100 million World Bank-funded Ayeyarwady Integrated River Basin Management Project. The company is also debarred by the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank, and the African Development Bank.
https://fcpablog.com/2021/02/24/world-bank-debars-german-oil-and-gas-contractor-for-fraud/
A list of all debarments is at –
https://www.worldbank.org/en/projects-operations/procurement/debarred-firms
I would be grateful for any modest contribution for my time and ongoing costs of computer, relocation, and (still ongoing) removal costs, I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y
