WORLD BANK DEBARS AN INDIAN WASTE MANAGEMENT AND ENVIRONMENTAL SERVICES COMPANY FOR A FRAUDULENT PRACTICE CONNECTED TO A PROJECT IN INDIA

On 8 December, the FCPA Blog reported that Ramky Enviro Engineers Limited (REEL), and its managing director, M Goutham Reddy, are ineligible to participate in projects and operations financed by the World Bank Group during the 20-month debarment.  The debarment also qualifies for cross-debarment 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/2021/12/08/world-bank-debars-waste-management-company-and-managing-director-for-fraud/

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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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