Topic: Multilateral development banks

Inter-American Development Bank debars Brazilian construction company for bribery

Copasa do Brasil is the second company to be debarred for its involvement in a million-dollar bribe to a public official in a road construction project in São Paulo.

12 August 2022

IDB debars Brazilian construction company for paying $1m in bribes

The Inter-American Development Bank debarred Construcap CCPS Engenharia e Comércio (Construcap) for 18 months for paying $1 million in bribes related to a road construction project.

06 July 2022

DC appeals court affirms development bank’s legal immunity

A DC federal appeals court ruled that the Inter-American Development Bank’s debarment of two businessmen does not constitute commercial activity.

15 June 2022

World Bank debars consultants in Nigeria soil erosion project

The World Bank banned a Nigerian consultancy and its managing director from participating in projects financed by the Bank over corrupt payments made on an environmental project.

23 February 2022

SNC-Lavalin’s former World Bank monitor joins Steptoe

Iris Bennett is one of two Smith Pachter McWhorter partners to recently leave the firm’s white-collar defence and investigations practice.

24 January 2022

World Bank strikes triple corporate settlement over airport project

Three companies settled with the World Bank over their conduct on a project to develop two airports in Madagascar.

04 January 2022

World Bank to trial use of overseas investigators

The World Bank’s anti-corruption unit hopes the use of overseas investigators will lead to better intelligence gathering and closer ties with local authorities.

10 December 2021

IDB debars engineering company over hiring practices

The Inter-American Development Bank debarred Tractebel Engineering for just under four years after finding that the Belgium company’s subcontractor offered paid positions to the former colleagues of Haitian officials.

30 November 2021

Despite headwinds, World Bank enforcement appears steady

“I was truthfully very shocked that they said they started 40 new investigations in the past fiscal year,” said one leading corporate defence lawyer.

08 November 2021

New MDB anti-corruption unit: “We have ample resources”

A senior official at the Asian Infrastructure Investment Bank said the organisation is ready to ramp up resources to investigate fraud and corruption should complaints increase.

27 October 2021

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