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Hitachi Settles Case With African Development Bank

Jaclyn Jaeger | December 4, 2015

The African Development Bank Group (AfDB) announced this week that it reached a settlement agreement with Japan-based Hitachi.

The settlement agreement follows a three-year investigation by AfDB's Integrity and Anti-Corruption Department into allegations of sanctionable practices by certain Hitachi subsidiaries concerning the AfDB-financed Medupi Power Station boiler works contract in the Republic of South Africa. The IACD alleged that Germany-based Hitachi Power Europe (HPE), and its South African subsidiary, Hitachi Power Africa (HPA), engaged in sanctionable practices in exchange for a boiler works contract.

The AfDB said it acknowledged that Hitachi and its affiliates co-operated fully and openly with the IACD investigation, and that Hitachi was determined throughout to maintain its good relations with the AfDB and to...

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