RSS Feed  Les actualités de la BRVM en Flux RSS

NEWS FINANCIÈRES

Nous agrégeons les sources d’informations financières spécifiques Régionales et Internationales. Info Générale, Economique, Marchés Forex-Comodities- Actions-Obligataires-Taux, Vieille règlementaire etc.

Fraudulent practices: Express Automation Limited excluded from ADB contracts

11/10/2021
Categories: Companies

Enjoy a simplified experience

Find all the economic and financial information on our Orishas Direct application to download on Play Store

The Ivorian company and its subsidiaries are singled out for fraud. They are excluded from contracts with the African Development Bank (AfDB) for a period of three years.

The African Development Bank continues its crusade against fraudulent companies. After those of Kenya and Nigeria, it is the turn of Express Automation Limited of Côte d'Ivoire to be singled out by the Office of Integrity and the Fight against Corruption (PIAC) of the financial institution regional, according to what Apanews reports. An investigation by the said office found that Express Automation Limited "engaged in fraudulent practices during a tender for the technical security upgrade of the Bank's West Africa Regional Center east to Nairobi, the capital of Kenya". The Ivorian entity and its subsidiaries are ineligible, for 36 months, to participate in projects financed by the AfDB Group. The exclusion measure took effect on August 18. Upon expiration of the debarment period, Express Automation Limited may only resume participation in African Development Bank Group-financed projects after it has implemented an integrity compliance program consistent with the guidelines of the bank.

Provided by AWS Translate

0 COMMENTAIRE