The African Development Bank Group (AfDB) has announced a 24-month debarment of Goldsun Investments Company Ltd. For fraudulent practices.
The debarment of Goldsun Investments Company Ltd., a limited liability company registered in the Republic of Kenya, takes effect from 31st January, 2023.
An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Goldsun Investments Company Ltd. Engaged in fraudulent practices during a tender for the dualling of the 84 km Kenol-Sagana-Marua highway, Lots 1 and 2, components of the Kenol-Sagana-Marua Highway Improvement Project.
The Kenol-Sagana-Marua Highway Improvement Project is part of the Kenyan section of the Trans-Africa Highway (Cairo to Cape) and is expected to enhance the movement of goods and services, as well as people between the counties in Central and Eastern Kenya on the one part, and the capital city, Nairobi, on the other part.
During the debarment period, Goldsun Investments Company Ltd. Will be ineligible to participate in Bank Group-financed operations and activities.
Additionally, the debarment qualifies for cross-debarment by other multilateral development banks under the Agreement for Mutual Enforcement of Debarment Decisions, including the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank and the World Bank Group.
At the expiration of the debarment period, Goldsun Investments Company Ltd. Will only be eligible to resume participation in African Development Bank Group-financed operations and activities after it implements an integrity compliance program consistent with the Bank’s guidelines.
Debarment of Société Bel Mabrouk Des Travaux et Investissements S.A.R.L
Similarly, the African Development Bank Group, announced the 13-month debarment of Société Bel Mabrouk Des Travaux et Investissements S.A.R.L with effect from 11 April 2023. Société Bel Mabrouk Des Travaux et Investissements S.A.R.L is a limited liability company registered under the laws of Tunisia.
An Investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Société Bel Mabrouk Des Travaux et Investissements S.A.R.L, engaged in fraudulent practices in the context of a tender for the procurement of construction works for the Maroua-Bogo-Pouss, Bogo-Pouss Section under the Transport Sector Support Programme Phase II in Cameroon.
The Transport Sector Support Programme is aimed at the rehabilitation of the Yaoundé Bafoussam-Babadjou road, and the development of the Maroua-Bogo-Pouss and Grand-Zambi Kribi roads.
During the debarment period, Société Bel Mabrouk Des Travaux et Investissements S.A.R.L will also be ineligible to participate in Bank Group-financed projects and activities.
Additionally, the debarment qualifies for cross-debarment by other multilateral development banks under the Agreement for Mutual Enforcement of Debarment Decisions, including the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank and the World Bank Group.
At the expiry of the debarment period, Société Bel Mabrouk Des Travaux et Investissements S.A.R.L will only be eligible to resume participation in African Development Bank Group-financed projects and activities after implementing an integrity compliance program consistent with the Bank’s guidelines.
Meanwhile, the Office of Integrity and Anti-Corruption of the African Development Bank Group is responsible for preventing, deterring and investigating allegations of corruption, fraud and other sanctionable practices in Bank Group-financed operations.
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