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NEWS July 15, 2014

Issuance of Sanctions Board Decision No. 72

​Pursuant to Sanctions Board Decision No. 72 issued in Sanctions Case No. 211, the Sanctions Board imposes a sanction of debarment on Development and Relief Corporation b.v. (also known as DRC b.v.) (the “Respondent Firm”), Development and Relief Corporation International b.v. (also known as DRC International b.v.) (the “Respondent Firm International”), Mr. Frank Rozestraten (the “Respondent Director”), and Mr. Dennis van Vogelpoel (the “Respondent Commercial Manager”) for a period of three (3) years for the Respondent Firm, four (4) years for the Respondent Firm International and the Respondent Director, and two (2) years for the Respondent Commercial Manager. These sanctions are imposed for corrupt and fraudulent practices in connection with procurement processes in two Bank-financed projects.