World Bank sanctions Senegalaese company

Generale de l’Ingnierie des Travaux et de l’Equipement or GENITE joins the list of firms that cannot compete for contracts financed by the World Bank. The agency’s Department of Institutional Integrity found evidence that the company committed fraud in two World Bank-funded projects. GENITE will remain in the institution’s blacklist for a period of two years.

Source: World Bank debars Senegalese firm for fraud (Xinhua)