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

PTTEP acquires Murphy Oil Corporations business in Malaysia Strengthen long-term growth in Southeast Asia

PTT Exploration and Production Public Company Limited (PTTEP), makes a success acquisition in Murphy Oil Corporation's business in Malaysia worth USD 2,127 million which is expected to promptly add sales volumes by 15% and operating cash flow right after...

FSS Launches a Risk-Based Authentication Solution to Bolster Security For Digital Transactions

FSS (Financial Software and Systems), a global payments technology company, has launched FSS Secure3D, its new-generation adaptive authentication solution based on the EMVCo 3DS 2.0 protocol. Globally, across regions, banks need to implement 3DS2.0...

PwC: Assets under management in Asia Pacific to rise to USD29.6 trillion by 2025, faster than any other region

The Asia Pacific (APAC) asset and wealth management industry is expected to be the centre for global Assets under management (AuM) growth in the coming years. According to the PwC report 'Asset and Wealth Management 2025: The Asia Awakening', APAC AuM...

OnMiners Mining Rigs Offering Market#s Fastest ROI

OnMiners S.A ( is quickly making a strong impact in the crypto mining industry by offering the market's fastest return on investment. The company recently hit the headlines by introducing three multi-algorithm mining rigs that...

The Mall Groups Department Stores partner with SCB to offer sizzling promotions with a chance to win RIMOWA luggage

The Mall, Emporium, EmQuartier and Paragon Department Stores joined forces with SCB to hold "Made in Summer" campaign from today to 17 April 2019 to delight shoppers with superb promotions: shop to receive coupons with up to 40% discount; a chance to win...

Related Topics