Oct 11, Washington, DC: The World Bank Tuesday releasing a statement expressed concern over erroneous reporting in Sri Lanka regarding the debarment of SMEC International Pty. Ltd., for 12 months.
The World Bank said the allegations reported in Sri Lankan media are not based on any statements from the World Bank and falsely use the World Bank's name as a source for these allegations.
"There are allegations in the media in Sri Lanka referring to the announcement on September 28 by the World Bank of the debarment of SMEC International Pty. Ltd., a subsidiary of SMEC Holdings Pty. Ltd., for 12 months. These allegations are not based on any statements from the World Bank and falsely use the World Bank's name as a source for these allegations," the statement said.
The World Bank said it takes allegations of fraud and corruption affecting Bank-financed projects seriously.
"Under the World Bank policy governing the disclosure of investigations, we cannot share additional details relating to evidence or process. Our investigative findings are referred to concerned governments to determine whether or not there has been a violation of national laws. The outcome of investigations of such allegations are publicly announced on the World Bank Group's Integrity webpage: www.worldbank.org/integrity or www.worldbank.org/debar."
The World Bank on 28 September 2017 announced a Negotiated Resolution Agreement (NRA) that debars SMEC International Pty. Ltd., a subsidiary of SMEC Holdings Pty. Ltd., for 12 months, as well as four of its controlled subsidiaries based in India, Bangladesh, and Sri Lanka, for periods varying from 6 to 30 months for misconduct in the South Asia region.
The NRA follows a World Bank investigation which revealed misrepresentations to meet bidding requirements under World Bank-financed projects in Sri Lanka and India. The investigation also found evidence indicating inappropriate payments made in relation to World Bank-financed projects in Sri Lanka and Bangladesh.