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.
A list of all debarments is at –
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