SNC-Lavalin unit barred from World Bank projects for 10 years
The World Bank Group has debarred SNC-Lavalin Group’s key subsidiary from bidding on World Bank projects for 10 years following the company’s misconduct in two projects, including a $1.2-billion bridge project in Bangladesh.
The decade-long debarment is the longest ever levied by the bank’s anticorruption unit and follows its investigation into allegations of a high-level corruption conspiracy involving SNC-Lavalin Inc. and officials in Bangladesh.
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