The World Bank announced Wednesday it has debarred a Senegalese firm and its owner from receiving Bank contracts for fraudulent practices related to two Bank-financed projects, a statement said on the bank's website.
Gnrale de l'Ingnierie des Travaux et de l'Equipement (GENITE), based in Senegal, was found by the World Bank's Department of Institutional Integrity of practicing fraud in two projects, which were designed to improve basic infrastructure in some Senegalese communities.
The company was declared ineligible to take any future Bank-funded contracts for a period of two years.
Aliou Niang, the owner of GENITE, who was held responsible for the misconduct of the company, was also prohibited from being given any Bank contracts for two years.
World Bank Country Director for Senegal Madani M. Tall said the people of Senegal deserve to have open, fair and transparent competition in public procurement in order to effectively use their financial resources.
The World Bank has debarred 342 firms and individuals for engaging in fraud and corruption in Bank-financed projects since 1999.
Source:Xinhua
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