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| [PHOTO: Shiny Things/CC BY 2.0] |
Washington: The World Bank Group has announced the debarment of ARINC
Incorporated, a US-registered engineering and systems integration company, for
a period 33 months following the company’s acknowledgment of a violation of the
Bank’s Procurement Guidelines in the Bank-financed Airports Development project
in Egypt.
The 33-month debarment is part of a Negotiated Resolution
Agreement between ARINC and the World Bank Group following an investigation by
the World Bank Integrity Vice Presidency and the company’s readiness to
cooperate during the investigation.
“This case is an example of why integrity due diligence
matters for the World Bank as well as for companies that are engaged in
development projects,” said Leonard McCarthy, World Bank Integrity Vice
President.
“We pursue our efforts to
promote a culture of zero tolerance and effective compliance in collaboration
with companies and governments as part of the Bank’s goal to ending poverty,”
he added.
Under the Agreement, ARINC commits to cooperate with the
World Bank’s Integrity Vice Presidency and continue to improve its corporate
compliance program.
This debarment qualifies for cross-debarment by other
Multilateral Development Banks (MDBs) under the Agreement of Mutual Recognition
of Debarments that was signed on April 9, 2010.
The World Bank Integrity Vice Presidency (INT) is
responsible for preventing, deterring and investigating allegations of fraud,
collusion and corruption in World Bank projects, capitalizing on the experience
of a multilingual and highly specialized team of investigators and forensic
accountants.