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NEWS June 21, 2017

Issuance of Sanctions Board Decision No. 95

​Pursuant to Sanctions Board Decision No. 95 issued in Sanctions Case No. 399, the Sanctions Board imposes a sanction of debarment on Karl Storz GmbH & Co. KG (the "Respondent") for a period of two (2) years. The Sanctions Board finds that it is more likely than not that the Respondent engaged in a corrupt practice as defined in Paragraph 1.14(a)(i) of the World Bank’s Guidelines: Procurement under IBRD Loans and IDA Credits (May 2004) by paying commissions to a World Bank consultant for the award of a contract.

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