Pursuant to Sanctions Board Decision No. 121 issued in Sanctions Case No. 555, the Sanctions Board imposes a sanction of reprimand on the Respondent Firm (the “Respondent”) by means of a formal letter of reprimand to be posted on the World Bank’s website for a period of six (6) months, without prejudice to the Respondent’s eligibility to participate in Bank-Financed Projects.
This sanction is imposed on the Respondent for a collusive practice as defined in Paragraph 1.14(a)(iii) of the World Bank’s Guidelines: Procurement under IBRD Loans and IDA Credits (May 2004, revised October 1, 2006 and May 1, 2010).
Capsule Summary of Findings:
The Respondent was found liable for engaging in a collusive scheme designed to influence the bidding processes and stifle open competition for a Bank-financed contract. 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.