The World Bank on Wednesday announced the two-year debarment of French water engineering company OTV and one-year debarment of Brazilian water treatment technology company Veolia Water Technologies Brasil for fraudulent and collusive practices during a bidding process under the World Bank-financed Río Bogotá Environmental Recuperation and Flood Control Project in Colombia.
The debarment makes the two companies ineligible to participate in World Bank-financed projects. Both debarments are part of settlement agreements under which the companies acknowledge responsibility for the underlying sanctionable practices and agree to meet specified corporate compliance conditions as a condition for release from debarment.
