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NEWS October 26, 2017

Issuance of Sanctions Board Decision No. 100

Pursuant to Sanctions Board Decision No. 100 issued in Sanctions Case No. 330, the Sanctions Board imposes a sanction of debarment on Madhucon Projects Limited (the "Respondent") with the possibility of conditional release after a minimum period of ineligibility of two (2) years.

This sanction is imposed on the Respondent for a fraudulent practice as defined in Paragraph 1.15(a)(ii) of the World Bank's Guidelines: Procurement under IBRD Loans and IDA Credits (January 1995, revised January and August 1996, September 1997, and January 1999).

Capsule Summary of Findings:

The Respondent was found liable for making misrepresentations in expense claims, and supporting those expense claims with forged documents, in connection with a Bank-financed contract in India. In selecting the appropriate sanction for the Respondent, the Sanctions Board took into account all relevant aggravating and mitigating factors. Full discussion of the facts, allegations, and the Sanctions Board's analysis can be found in the published decision.





Contact Sanctions Board

The World Bank 1818 H Street, N.W., MSN G 5‐503, Washington, D.C. 20433, U.S.A.
sanctionsboard@worldbank.org