World Bank debars three entities in relation to misconduct impacting an environmental program in the East Asia and Pacific Region

Stocks and Financial Services Press Releases Thursday October 5, 2017 08:33
WASHINGTON--5 Oct--World Bank
World Bank debars three entities in relation to misconduct impacting an environmental program in the East Asia and Pacific Region

WASHINGTON, October 4, 2017– The World Bank Group announced the debarment of Berkman International Inc. (Berkman) for five years; the Center for Environmental Studies and Management, Inc. (CESM) for 18 months; and Mrs. Belen Gacad for 18 months. The debarments are part of two Negotiated Resolution Agreements (NRAs) relating to the same World Bank investigation.

The investigation revealed that Berkman engaged in corrupt practices to influence the implementation, of World Bank-financed contracts under the Third Manila Sewerage Project and the Integrated Persistent Organic Pesticides Management Project (IPOPs), in the Philippines. Berkman also engaged in fraudulent practices when seeking IPOPs contracts by misrepresenting its past work experience, the identity of its joint venture partner, the involvement of its subconsultant, and the identity and allocated man-hours of its project team members. CESM engaged in fraudulent practices by concealing a conflict of interest with a procurement consultant when seeking IPOPs contracts. Mrs. Gacad engaged in corrupt practices by facilitating certain of Berkman's improper payments.

Under the terms of the NRAs, Berkman, CESM, and Mrs. Gacad are required to (i) cooperate with the World Bank Integrity Vice Presidency to support its investigations, and (ii) meet the World Bank Integrity Compliance Guidelines.

The debarments qualify for cross-debarment by other multilateral development banks under the Agreement for Mutual Enforcement of Debarment Decisions that was signed on April 9, 2010.

Latest Press Release

KTC extends the period of Online privileges to online shoppers across all sites until the end of 2019. Receive 10% cash back and X5 points plus discount codes by shopping with strategic online partners.

"KTC" or Krungthai Card Public Company Limited, extends the period of happiness and worthwhileness for online shoppers with two tier of special privileges: 1) Redeem for 10% cash back for online purchased via all websites or mobile app across the world...

Photo Release: KBank and TLScontact launch new service to accept France and Portugal visa fee payment via credit and debit cards

Recently, at KBank Phahon Yothin Building, Mr. Panya Kongkapaisal (second from left), KBank First Senior Vice President, and Mr. Mathieu Bechu (second from right), SEA Zone Manager, TLScontact Enterprises (Thailand) Co., Ltd., the authorized agent to...

Fitch Upgrades Thailand#s IRPC to #A(tha)#; Outlook Stable

Fitch Ratings (Thailand) has upgraded IRPC Public Company Limited's National Long-Term Rating and senior unsecured rating to 'A(tha)' from 'A-(tha)'. The Outlook is Stable. Fitch has also upgraded IRPC's National Short-Term Rating to 'F1(tha)' from...

SET hosts exclusive forum for 31 embassies to showcase Thailand investment potential

The Stock Exchange of Thailand (SET) hosted "Embassies @ SET" Forum in Bangkok. The first-ever forum has gathered together 50 diplomatic professionals of 31 embassies in Thailand to gain insights into investment opportunities in the Thai capital market,...

KBank supports Revenue Department in pioneering e-Tax Invoice and e-Receipt service

KASIKORNBANK PCL (KBank) will be the trailbrazer in launching the e-Tax Invoice and e-Receipt service to allow business operators to submit these documents to the Revenue Department with swiftness while also reducing their tax management cost. Ms. Kitiya...

Related Topics