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NEWS March 25, 2019

Issuance of Sanctions Board Decision No. 116

Pursuant to Sanctions Board Decision No. 116 issued in Sanctions Case No. 576, the Sanctions Board imposes a sanction of debarment on ALKE İnşaat Sənaye və Ticarət Açiq Səhmdar Cəmiyyəti (ALKE Insaat Sanaye ve Ticaret OJSC) (the “Respondent”), currently registered as AKELIK GROUP OJSC. The Respondent is debarred with the possibility of conditional release after a minimum period of ineligibility of one (1) year and five (5) months.

This sanction is imposed on the Respondent for a fraudulent practice as defined in Paragraph 1.16(a)(ii) of the World Bank’s Guidelines: Procurement of Goods, Works, and Non-Consulting Services under IBRD Loans and IDA Credits and Grants by World Bank Borrowers (January 2011).

Capsule Summary of Findings:

The Respondent was found liable for knowingly submitting falsified documents as part of its bid for a Bank-financed contract. 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