July 1, 2020

Peruvian engineering company debarred by the World Bank

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. 

World Bank press release