By John Lee.
The World Bank has imposed a sanction of debarment with conditional release on the Turkish company Aktif Elektroteknik San ve Tic A.S. following findings of corrupt and fraudulent practices in Iraq.
It said the company has been debarred for a minimum period of one year and three months. The firm may only be released after this period if it demonstrates compliance with conditions set out in the decision.
The sanction relates to misconduct involving undisclosed payments to public officials in connection with procurement for a World Bank-financed contract. The practices were deemed to violate provisions governing corrupt and fraudulent conduct under the World Bank's procurement guidelines.
The Sanctions Board said it considered relevant sanctioning factors before determining the penalty.
Click here to read full details of the case.
(Source: World Bank)
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