The World Bank Group has debarred MTZ Equipment Ltd., an agricultural equipment distributor headquartered in Ontario, Canada, for a period of 30 months. According to World Bank documents, MTZ knowingly submitted a bid with a false guarantee related to the Afghanistan On-Farm Water Management Project in Afghanistan, which was designed to enhance water use efficiency in that country. MTZ was unsuccessful in its bid. The company will be ineligible to bid on future World Bank Group-financed projects during the 30-month period, and is eligible for cross-debarment by other multilateral development banks. As a condition of MTZ’s settlement with the World Bank, the company must continue to cooperate with the Integrity Vice Presidency.
October 30, 2019
Canadian distributor debarred by World Bank
Related by Topic
New Post
John Deere reaches settlement with SEC resolving FCPA allegations
September 11, 2024
News Alert
DOJ issues declination with disgorgement letter to Boston Consulting Group for possible FCPA offenses
August 29, 2024
News Alert
Former oil and gas trader pleads guilty to additional FCPA charges
August 23, 2024
News Alert