Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Richard L. Cassin
Editor at Large

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

Bill Steinman
Contributing Editor

World Bank debars Vietnam water and sewerage company

The World Bank Wednesday debarred a state-owned Vietnamese water and sewerage treatment company for one year for “fraudulent practices” involving a project in Vietnam. 

Vietnam Water and Environment Investment Corporation — JSC (VIWASEEN) is ineligible to participate in World Bank-financed projects during the 12-month debarment.

After the debarment period, VIWASEEN will be sanctioned with “conditional non-debarment” for 18 months. During that period it will be eligible to participate in World Bank-financed projects as long as it complies with its obligations under the settlement agreement, the World Bank said Wednesday.

During two World Bank-financed projects, VIWASEEN submitted bids and won contracts but later transferred all of the work to its affiliates. The projects were the Mekong Delta Water Resources Management for Rural Development Project and the Urban Water Supply and Wastewater Project.

VIWASEEN didn’t inform the bank or obtain the proper agency approvals for the transfers. 

The company continued to misrepresent its role throughout the contracts, the World Bank said. 

The activity was a “fraudulent practice” under World Bank procurement guidelines. 

VIWASEEN’s one-year debarment is not eligible for cross debarment by other development banks. To be eligible for cross debarment, the duration must be more than a year.

As part of the reduced settlement agreement, VIWASEEN acknowledged responsibility for the underlying sanctionable practices and  commited to developing an integrity compliance program consistent with the World Bank Group Integrity Compliance Guidelines

A list of all World Bank debarred entities and individuals is here.

____

Harry Cassin is the publisher and editor of the FCPA Blog.

Share this post

LinkedIn
Facebook
Twitter

1 Comment

  1. With World Bank given so much authority, who keeps checks on World Bank debarment practices, policies and people?


Comments are closed for this article!