On June 12, 2019, the World Bank announced that China-based Dongfang Electronics Co. Ltd. (“Dongfang”) would be debarred for fifteen (15) months for fraudulently bidding on a $60 million electrical expansion project in...more
6/21/2019
/ China ,
Competitive Bidding ,
Corruption ,
Energy Sector ,
Enforcement Actions ,
Foreign Corrupt Practices Act (FCPA) ,
Fraud ,
Infrastructure ,
Integrity Policies ,
Liberia ,
Manufacturers ,
Power Grid ,
Settlement ,
State-Owned Enterprises ,
Suspensions & Debarments ,
White Collar Crimes ,
World Bank
Bribery and corruption have long plagued the construction industry, particularly in emerging markets in Latin America, Eastern Europe, the Middle East and Asia-Pacific. ...more
5/13/2019
/ Books & Records ,
Bribery ,
Construction Contracts ,
Construction Project ,
Contractors ,
Corruption ,
Department of Justice (DOJ) ,
FCPA Guidance ,
Internal Controls ,
Kickbacks ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
White Collar Crimes