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News/Compliance & Enforcement/World Bank Debars German Manufacturer for Fraud, Collusion, and Corruption
News·Compliance & Enforcement Brief

World Bank Debars German Manufacturer for Fraud, Collusion, and Corruption

The World Bank has issued a 30-month debarment against German water maintenance equipment manufacturer Berky GmbH and five subsidiaries, in connection with fraud, collusion, and corruption in a $100 million project to improve management and development of the Ayeyarwady River Basin and national water resources in Myanmar.

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