Pursuant to Sanctions Board Decision No. 123 issued in Sanctions Case No. 640, the Sanctions Board imposes a sanction of debarment with conditional release after a minimum of three years on LTD Dagi (the ¡°Respondent¡±).
This sanction is imposed on the Respondent for fraudulent practices as defined in Paragraph 1.16(a)(ii) of the World Bank¡¯s Guidelines: Procurement of Goods, Works, and Non-consulting Services under IBRD Loans and IDA Credits and Grants by World Bank Borrowers (January 2011), and Paragraph 1.16(a)(ii) of the World Bank¡¯s Guidelines: Procurement of Goods, Works, and Non-consulting Services under IBRD Loans and IDA Credits and Grants by World Bank Borrowers (January 2011, revised July 2014).
Capsule Summary of Findings:
The Respondent was found liable for engaging in fraudulent practices by failing to disclose required information in two bids on Bank-financed contracts. The Sanctions Board found the evidence sufficient to support a finding that the Respondent¡¯s staff acted knowingly, and that the fraudulent conduct served to improve the Respondent¡¯s chances of winning the Bank-financed contracts. In selecting the appropriate sanction for the Respondent, the Sanctions Board took into account all relevant aggravating and mitigating factors. Full discussion of the facts, parties¡¯ contentions, and the Sanctions Board¡¯s analysis can be found in the published decision.