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Republic of Lithuania: World Bank sanctions AB Hidrostatyba and AB Panevezio Statybos Trestas for collusive practices in the Klaipeda Environment Project.

Publication: M2 Presswire
Publication Date: 22-JUL-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-22 July 2005-WORLD BANK: Republic of Lithuania: World Bank sanctions AB Hidrostatyba and AB Panevezio Statybos Trestas for collusive practices in the Klaipeda Environment Project(C)1994-2005 M2 COMMUNICATIONS LTD

RDATE:21072005

Washington, DC - The World Bank debarred two companies, AB Hidrostatyba and AB Panevezio Statybos Trestas (PST), and seven former or current employees for collusive practices as defined in the World Bank Procurement Guidelines in relation to the World Bank-financed "Klaipeda Environment Project" (KEP) in Lithuania. These companies and individuals will be ineligible to receive any new World Bank-financed contracts for the periods of their debarments. These actions are part of the World Bank's broad anticorruption efforts initiated in 1996.

AB Hidrostatyba, three of its employees and the former Director and Deputy Director of AB Panevezio Statybos Trestas were debarred for a period of three years for serious misconduct, in contravention of World Bank procurement guidelines. AB Panevezio Statybos Trestas and two of its employees were debarred for one year. The two companies engaged in collusion in order to guarantee the success of AB...

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