Hanoi, April 12, 2010 — The World Bank, on April 6, issued a Press Release regarding the firm debarred for fraud in World Bank-funded project. The World Bank wishes to provide further information, with regards to this case, as follows:
- The debarment is solely in response to fraudulent behaviour of Glocoms. Glocoms won a contract financed under the project, in part, based on falsified qualifications in its proposal. In other words Glocoms misrepresented itself in its bid documents. This is the reason for the debarment of Glocoms. The debarment is not in response to any fraudulent behaviour on the part of any agency of the Government of Vietnam.
- The project is ongoing and on track to meet its development objectives. This case presents no serious impacts on the project's implementation.