Skip to Main Navigation
NEWS November 29, 2018

Issuance of Sanctions Board Decision No. 114

Pursuant to Sanctions Board Decision No. 114 issued in Sanctions Case No. 464, the Sanctions Board imposes sanctions of debarment on NREM International Inc., Asia Pacific Consultant Joint Stock Company, and HanoiTC Expert Joint Stock Company (respectively, the “First Respondent Firm,” the “Second Respondent Firm,” and the “Third Respondent Firm,” and collectively, the “Respondents”) with the possibility of conditional release after a minimum period of ineligibility of three (3) years for the First Respondent Firm, and three (3) years and six (6) months for the Second and Third Respondent Firms.

These sanctions are imposed on the Respondents for a fraudulent practice as defined in Paragraph 1.22(a)(ii) of the World Bank’s Guidelines: Selection and Employment of Consultants by World Bank Borrowers (May 2004, revised October 1, 2006, and May 1, 2010).

Capsule Summary of Findings:

The Respondents were found liable for failing to disclose that the Third Respondent Firm acted as an associated consultant for a Bank-financed contract, as required by the request for proposals. In selecting the appropriate sanction for each of the Respondents, 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.