WORLD BANK DEBARS ZHEJIANG FIRST HYDRO & POWER CONSTRUCTION GROUP CO FOR BRIBERY

On 16 June, a post on the FCPA Blog advised that the World Bank had debarred for 2 years the company after a de facto agent and subcontractor offered and paid bribes to government officials in exchange for a contract on a project in China – the $127 million World Bank-funded Guangxi Laibin Water Environment Project.

https://fcpablog.com/2021/06/16/world-bank-debars-chinese-company-for-bribery/

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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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