INTER-AMERICAN DEVELOPMENT BANK (IDB) DEBARS BRAZILIAN CONSTRUCTION COMPANY FOR CORRUPT AND FRAUDULENT PRACTICES RELATED TO A PROJECT IN BRAZIL

On 11 August, a post on the FCPA Blog advised that the Sociedad Anónima de Obras y Servicios Copasa do Brasil (Copasa) is ineligible to participate in projects and operations financed by the IDB during the 18-month debarment.  The ban also applies to projects funded by the World Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, and the African Development Bank.

https://fcpablog.com/2022/08/11/idb-debars-construction-company-for-failure-to-prevent-bribery/

Any modest contributions for my time and ongoing expenses are welcomed!  At Buy me a Coffee one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

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