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NEWS January 31, 2014

Issuance of Sanctions Board Decision No. 63

?Pursuant to Sanctions Board Decision No. 63 issued in Sanctions Cases No. 119 and No. 124, the Sanctions Board imposes (i) a sanction of debarment on the First Respondent Firm for a period of six (6) months, beginning retroactively from six (6) months prior to the date of this decision, and (ii) a sanction of debarment on MMK Project Services Limited (the ¡°Second Respondent Firm¡±) and Mr. Munawer Khalfan (the ¡°Individual Respondent¡±) with the possibility of conditional release after a minimum period of five (5) years and six (6) months. The Sanctions Board finds that it is more likely than not that the Respondents engaged in corrupt practices by offering and/or paying bribes to influence government officials in connection with the selection process and execution of a contract under a Bank-financed project. In addition, the Sanctions Board finds that it is more likely than not that the Second Respondent Firm and the Individual Respondent engaged in fraudulent practices by misrepresenting the Second Respondent Firm¡¯s prior experience in the proposal for the contract at issue. In determining appropriate sanctions for the Respondents, the Sanctions Board took into account all applicable factors as discussed in the decision in Paragraphs 96 to 124, including a number of aggravating factors relevant to the Second Respondent Firm and the Individual Respondent and mitigating factors relevant to the First Respondent Firm.