254News

News Beyond News

Global Interjapan Firm Banned from Doing Continental Projects After Engaging in Fraudulent Practices

1 min read
Spread the post

The civil engineering firm Global Interjapan (Kenya) Limited has been banned by African Development Bank Group (AfDB) from doing its projects after the company was found to have engaged in fraudulent practices. The debarment will last three years starting from August 24, 2020.

“An investigation conducted by the bank’s Office of Integrity and Anti-Corruption established that Global Interjapan (Kenya) Limited engaged in fraudulent practices during a tender for the bank-financed Small Scale Irrigation and Value Addition Project in Kenya,” AfDB said in a statement.

The irrigation project is aimed at reducing poverty by enhancing agricultural productivity, income and food security among the residents of 11 counties in Kenya.

The debarment renders the company and its affiliates ineligible to participate in AfDB-financed projects during the three-year period.

The institution noted that the move qualifies for cross-debarment by other multilateral development banks under the Agreement for Mutual Enforcement of Debarment Decisions, including the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank and the World Bank Group.

The international financial institutions, which are mostly owned and financed by governments, have been keen to curb corruption in their projects which runs into billions of dollars annually.

“At the expiry of the debarment period, Global Interjapan (Kenya) Limited will only be eligible to participate in bank-financed projects on condition that it implements an integrity compliance program consistent with the bank’s guidelines,” AfDB said.


Spread the post

Email your news TIPS to info@254news.co.ke to get your article published.