African Development Bank debars IYA S.A.R.L. for 20 months for Fraudulent Practice
Cote Dlvoire, Jan. 8 -- The African Development Bank Group today announces the 20 months debarment of IYA S.A.R.L. with conditional release, requiring the company to complete an integrity compliance program. IYA S.A.R.L. is a construction company registered in the Republic of Mali.An investigation conducted by the Office of Integrity and Anti-Corruption of the African Development Bank Group established that, in the context of the tender for the construction of electricity infrastructure under the Guinea-Mali Electricity Interconnection Project ("the PIEGM Project"), IYA S.A.R.L. committed a Fraudulent Practice.The PIEGM Project is designed to contribute to the reinforcement of electrical energy exchanges between the countries of the West Af...
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