AllThe10YearBansThatFit
WorldBankProjectsVille
Well...
This:
WASHINGTON, April 17, 2013 - The World Bank Group today announced the debarment of SNC-Lavalin Inc. - in addition to over 100 affiliates - for a period of 10 years following the company’s misconduct in relation to the Padma Multipurpose Bridge Project in Bangladesh, as well as misconduct under another Bank-financed project. SNC-Lavalin Inc. is a subsidiary of SNC-Lavalin Group, a Canadian company, and represents more than 60% of its business.
The debarment is part of a Negotiated Resolution Agreement between the World Bank and SNC-Lavalin Group following a World Bank investigation into allegations of bribery schemes involving SNC-Lavalin Inc. and officials in Bangladesh...
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Here's our original report, with linkages and updates and stuff (and see the comments too), on the lack of consideration on the 'bidder' in both the fairness advisor's and the AG's report on the 'process'.
Oh, and for the record, the World Bank also has this to say: "This represents the longest debarment period that has ever been agreed to in a World Bank settlement"...
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Wednesday, April 17, 2013
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2 comments:
I especially appreciated the statement from McCarthy -"This case is testimony to collective action against global corruption."
Any chance anyone political will mention this global setback and link it to the latest BC\Lavalin project?
Will any newspaper in BC actually dare to ask our hapless and perpetually underinformed Preem about the fitness of a corporation [and its affiliates!] banned for 10 years by the World Bank Group?
Can't find any link in any BC M$M to this story. Ain't that curious?
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