They are part of a Negotiated Resolution Agreement (settlement agreement), under which the companies acknowledge responsibility for the underlying sanctionable practices and agree to meet specified integrity compliance conditions as a condition for release from debarment
ISLAMABAD -- The World Bank has announced on Friday the debarment
of Pak-Elektron Ltd (PEL), its affiliates PEL Marketing (Pvt) Ltd and Kohinoor Power Company Ltd, and its former general manager for 33 months.
They will be released from debarment
subject to the company's senior management undergoing commercial ethics training.
Data from the Interagency Suspension and Debarment
Committee's annual reports to Congress on the status of the federal suspension and debarment
system reflects thousands of suspensions and debarments
in recent years.
in accordance with the Agreement for Mutual Enforcement of Debarment
Decisions dated April 9, 2010, which, as of July 1, 2011, has been made effective by the World Bank, the ADB, European Bank for Reconstruction and Development, Inter-American Development Bank, and African Development Bank,' the World Bank said.
Corruption watchdogs in other countries protested their governments' contracts with CCCC and its subsidiaries, citing the World Bank debarment
After his debarment
, Skiscim allegedly continued to bid, contract, and supply defective airplane parts to the federal government through a series of shell companies using the names of relatives and fictitious people to mask his involvement from the United States Department of Defense, Defense Logistics Agency," the complaint included.
The African Development Bank (AfDB) imposed a three-year debarment
on China First Highway Engineering Co.
The government's suspension and debarment
(S&D) system has come under scrutiny by Congress and government watchdog groups over recent years.
Global Banking News-May 30, 2013--Oakland council to discuss debarment
of Goldman Sachs(C)2013 ENPublishing - http://www.
Contractors who do not comply with SCA risk severe penalties--large fines and/or debarment
from government contracts.
In a letter to Secretary of State Hillary Clinton, he said while SIGAR had taken steps to initiate government-wide debarment
of the individuals and entities, the State Department and USAID dealt with many of the contractors, possibly resulting in the award of contracts, grants, or cooperative agreements to them prior to their designation.