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Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
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Richard L. Cassin
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Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

ADB debarments up in 2012

The Asia Development Bank said in its annual report this week that it imposed sanctions on 42 firms in 2012 and 38 individuals.

The debarments resulted from 240 formal complaints and 114 new investigations.

‘ADB has zero tolerance for corruption,’ the annual report said.

In 2011, it debarred 34 individuals and 31 firms.

Most complaints last year involved ‘fraudulent misrepresentations about qualifications, experience, and technical capabilities of consulting firms, contractors and individuals seeking work from ADB,’ the report said.

Through cross-debarment agreements  with other international lenders, the ADB in 2012 put a total of 57 firms and 51 individuals on its list of those banned from seeking ADB-financed contracts.

The Manila-based Asian Development Bank was founded in 1966 to provide development financing for the Asia Pacific region. It has 67 member countries, with 2,800 employees from 59 countries.

The ADB’s ‘base sanction’ for corruption and integrity violations is a 3-year debarment, adjustable up or down depending on the circumstances. Second offenses are subject to ten-year debarments for firms and indefinite debarments for individuals. For third offenses, companies can be debarred up to 20 years.

Since its founding, the ADB has debarred 590 firms and 523 individuals. Currently 499 companies remain banned, and 474 individuals.

Authorized users can access the ADB’s debarment list here.

The cross debarment list is public. Among those included are Alstom, KBR Australia, and the Oxford University Press — all subject to World Bank sanctions.

Sanction lists for the African Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank, and the World Bank are here.

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