Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* World Bank disputes Sri Lanka media allegations regarding debarment of SMEC International
Wed, Oct 11, 2017, 07:14 am SL Time, ColomboPage News Desk, Sri Lanka.

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.

 

ColomboPage - Recent 10 Stories ::
U.S., Sri Lanka launch $ 2 million HIV/AIDS Technical Assistance Partnership to fast track efforts to end AIDS in Sri Lanka
-- [22 minutes ago]
Minister praises Sri Lankan human rights activist on receiving Franco-German Human Rights award
-- [49 minutes ago]
Nearly half of Sri Lankan doctors are not aware of symptoms of autism, study finds
-- [1 hour and 59 minutes ago]
No taxes imposed on migrant workers in 2018 budget, Foreign Employment Minister assures
-- [2 hours ago]
President requests Railway employees to return to work considering O/L students and public
-- [2 hours ago]
Demarcation of provincial councils expected to end by end of January, AG tells court
Eight railway trade unions decided to end the strike - Government
Sri Lanka Transport Board deploys over 700 additional buses to facilitate commuter transport
Sri Lanka police to enforce election laws relating to the upcoming local government elections form today
Three top members of National Freedom Front join SLFP

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.