World Bank Group Debars Modern Engineers Planners and Consultants Ltd.
Bangladesh, Oct. 28 -- The World Bank Group today announced the 19-month debarment with conditional release of Modern Engineers Planners and Consultants Ltd., a Bangladesh-based private limited company, for fraudulent practices under the Modern Food Storage Facilities Project in Bangladesh.The project was designed to increase the grain reserve available to households to meet their post-disaster needs and to improve the efficiency of grain storage in Bangladesh. According to the facts of the case, Modern Engineers Planners and Consultants Ltd. (MEPC) submitted false financial documents in the procurement and false invoices for internet expenses during the implementation of a contract. These are fraudulent practices under the Bank Group Consu...
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