On July 1, 2020, the World Bank Group announced the fifteen-month debarment of Aaron Ingenieros Constructores & Consultores E.I.R.L., a freight transport services company based in Peru. According to the World Bank, Aaron misrepresented its financial capacity by presenting false letters of credit in connection with its bid for a contract on the Subnational Transport Program Project in Peru. During its debarment period, Aaron is ineligible to participate in World Bank projects, and is subject to cross-debarment by other multilateral development banks.
Aaron received a reduced period of debarment due to its cooperation and remediation, and agreed, as a condition for its release from debarment, to continue cooperating in the World Bank’s investigation and to develop an integrity compliance program consistent with World Bank Integrity Compliance Guidelines.