World Bank debars Uzbek company in connection with fraud under water supply project

AKIPRESS.COM - The World Bank announcedthe 30-month debarment of Uzbekistan-based manufacturing company Mega-Mebiko JV LLC, in connection with fraud as part of the Syrdarya Water Supply Project in Uzbekistan. The debarment makes Mega-Mebiko JV LLC ineligible to participate in World Bank-financed projects.
The project was designed to improve the availability, quality, and sustainability of public water supply services in selected districts of the Syrdarya region of Uzbekistan. According to the facts of the case, Mega-Mebiko misrepresented financial information and experience claims and falsely stated that it had no conflicts of interest, in order to be awarded a project-financed contract, which constitutes fraudulent practices.