The World Bank Group has debarred Modern Engineers Planners and Consultants Ltd. (MEPC), a Bangladesh company, for 19 months with conditional release over fraudulent practices under the Modern Food Storage Facilities Project in Bangladesh. MEPC submitted false financial documents during procurement and false invoices for internet expenses during contract implementation. The sanction makes the company ineligible to participate in projects and operations financed by Bank Group institutions. The settlement includes MEPC’s admission of culpability and responsibility for the misconduct and provides for a reduced debarment period in recognition of its cooperation and voluntary remedial actions. Release from the sanction requires the company to develop integrity compliance measures reflecting the Bank Group Integrity Compliance Guidelines. MEPC also committed to continued full cooperation with the Bank Group Integrity Vice Presidency. The debarment qualifies for cross-debarment by other multilateral development banks under the Agreement for Mutual Enforcement of Debarment Decisions.
World Bank Group debars Bangladesh consultancy for 19 months over fraud
The World Bank Group has imposed a debarment of 19 months on Bangladesh’s Modern Engineers Planners and Consultants Ltd. for submitting false financial documents and invoices under the Modern Food Storage Facilities Project. The settlement bars the company from projects and operations financed by Bank Group institutions, with release conditional on developing integrity compliance measures. The sanction also qualifies for cross-debarment by other multilateral development banks.