World: World Bank announces 2-yr conditional non-debarment of Indian company for corrupt practices

The World Bank on Wednesday announced a two-year conditional non-debarment of an Indian company in connection with corrupt and fraudulent practices in two road infrastructure projects in Karnataka and Uttar Pradesh.

Egis India Consulting Engineers Private Limited is accused of corrupt and fraudulent practices in the Second Karnataka State Highway Improvement Project and the Uttar Pradesh Core Road Network Development Project.

The World Bank said that Egis India was sanctioned with conditional non-debarment.

This means that it remains eligible to participate in World Bank-financed projects as long as it complies with its obligations under the settlement agreement.

The full original article can be found at economictimes.indiatimes.com

(Photo: Reuters)

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top