From Ghana Business News
The World Bank has debarred Ghanaian waste management company, Zoomlion, for two years after the company was found of misconduct in implementing the Bank-funded project in Liberia.
The company’s debarment is effective September 24, 2013, officials say, meaning it will not qualify for any contract financed by the World Bank Group which also includes the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA).
In a statement September 25, 2013, the World Bank said “Zoomlion paid bribes to facilitate contract execution and processing of invoices of the Emergency Monrovia Urban Sanitation Project in Liberia.”
Zoomlion has subsequently acknowledged the misconduct, added the World Bank.
Read more at Ghana Business News.