Energoprojekt Niskogradnja debarred by World Bank over frauds in Uganda

The World Bank Group has announced the debarment of Energoprojekt Niskogradnja, a Serbian civil engineering and contracting company - for the period of 2.5 years following the company’s acknowledgment of misconduct in a Bank-financed roads and development project in Uganda.

The 2.5 years debarment is part of a Negotiated Resolution Agreement between Energoprojekt and the World Bank Group following an investigation by the World Bank Integrity Vice Presidency (INT).

- This case is just another example of why fighting corruption matters for the World Bank as well as for companies that are engaged in development projects. Clean business is smart business. We will pursue our efforts to maximize the value of infrastructure development - said Leonard McCarthy, World Bank Integrity Vice President.

Under the agreement, Energoprojekt Niskogradnja commits to cooperate with the World Bank’s Integrity Vice Presidency and continue to improve their internal compliance program.

This debarment qualifies for cross-debarment by other MDBs under the Agreement of Mutual Recognition of Debarments that was signed on April 9, 2010.

The INT debarred the total of 83 entities in 2012, bringing the total number of debarred entities, non-governmental organizations and individuals to 541.