June 17, 2020

World Bank sanctions Egis India for corrupt and fraudulent practices

On June 17, 2020, the World Bank announced that it had sanctioned Egis India Consulting Engineers Private Limited, an engineering and consulting company based in Haryana, India, with a two-year conditional non-debarment, for corrupt and fraudulent acts Egis took in connection with two highway development projects in India.  In the resolution, Egis acknowledged that, while working on these projects, it had made improper payments in order to secure the release of contractual payments, and that it had submitted inflated invoices for expenses. 

The World Bank agreed to impose only the two-year conditional non-debarment, which leaves the company eligible to participate in World Bank-financed projects, due to Egis’ voluntary disclosures, its cooperation and acceptance of responsibility, and the remedial measures taken by the company.  As a condition for release from these sanctions, the World Bank also required Egis to continue cooperating in the World Bank’s investigation and to develop an integrity compliance program consistent with the World Bank’s Integrity Compliance Guidelines. 

World Bank press release | Integrity Compliance Guidelines