Tag «fraudulent practices»

Integrity in Development Projects: African Development Bank debars CHINT Electric for 36 months for fraudulent practices

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The institution’s Office of Integrity and Anti-Corruption found the company to have engaged in numerous misrepresentations of its past experience in bidding for Bank-financed contracts Abidjan, Côte d’Ivoire, May 7, 2018 – The African Development Bank Group (AfDB) on May 7, 2018, announced the conclusion of a settlement agreement with CHINT Electric Co., Ltd., a …