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Browsing: India-based SAI Consulting Engineering Ltd (SAI)
The World Bank has announced the 24-month sanction of India-based SAI Consulting Engineering Ltd (SAI) in connection with corrupt practices during the company’s participation in three projects in Africa.
A statement from WB noted that the three projects include: the East Africa Trade & Transport Facilitation Project, Mozambique Roads and Bridges Management and Maintenance Project, and the Ghana Transport Sector Project.
The firm, SAI was sanctioned with conditional non-debarment, which means that it remains eligible to participate in World Bank-financed projects as long as it complies with certain corporate compliance obligations that are defined in a settlement agreement.
“The settlement agreement is between the World Bank and both SAI and SYSTRA, a France-based international engineering and consulting group that acquired 65 percent of SAI in 2014. The sanction is reduced in recognition that SYSTRA voluntarily disclosed SAI’s corrupt practices to the World Bank Group’s Integrity Vice Presidency (INT),” a statement …