World Bank Group Debars Jiangsu Zhongtian Technology Co., Ltd.

WASHINGTON, The World Bank today announced the 20-month debarment of China-based Jiangsu Zhongtian Technology Co., Ltd. (ZTT), a company that manufactures and distributes fiber optic cable, in connection with fraudulent practices under the Lusaka Transmission and Distribution Rehabilitation Project in Zambia.

The debarment makes ZTT ineligible to participate in World Bank-financed projects. It is part of a settlement agreement under which the company acknowledges responsibility for the underlying sanctionable practices and agrees to meet specified corporate compliance conditions as a condition for release from debarment.

The project was designed to improve the electricity transmission and distribution system in the Lusaka area. According to the facts of the case, ZTT misrepresented its past contract experience by submitting falsified documents in its bid for the contract, which is a fraudulent practice.

As a condition for release from sanction under the terms of the settlement agreement, the company commits to developing an integrity compliance program consistent with the principles set out in the World Bank Group Integrity Compliance Guidelines. The company also commits to continue to fully cooperate with the World Bank Group Integrity Vice Presidency.

The debarment of ZTT qualifies for cross-debarment by other multilateral development banks (MDBs) under the Agreement for Mutual Enforcement of Debarment Decisions that was signed on April 9, 2010.

Source: The World Bank