World Bank debars AC Boilers SpA after Egypt bids
Richard L. Cassin
October 12, 2016
he World Bank Group Tuesday debarred AC Boilers SpA and two affiliates for nine months for violating integrity guidelines during bids in Egypt.
An investigation by the World Bank Integrity Vice Presidency revealed that AC Boilers “recklessly failed to disclose” the identities and payment amounts of two local agents when bidding for a World Bank-financed contract under Egypt’s El Tebbin Power Project.… Continue Reading