BRAZILIAN CONSTRUCTION COMPANY DEBARRED FOR A YEAR AND A HALF FOR CORRUPT AND FRAUDULENT PRACTICES 

On 5 July, the FCPA Blog reported that the Inter-American Development Bank (IDB) had debarred the company for corrupt and fraudulent practices related to a project in Brazil.  Construcap CCPS Engenharia e Comércio S.A. (Construcap) is ineligible to participate in projects and operations financed by the IDB during the 18-month debarment, or those financed by the World Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, and the African Development Bank.

https://fcpablog.com/2022/07/05/idb-debars-construction-company-for-paying-1-million-in-bribes/

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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 View all posts by raytodd2017