Collusion A collusive practice is an arrangement between two or more parties designed to achieve an improper purpose, including influencing improperly the actions of another party. Project financing costs are artificially inflated by these practices, and the supplier recovers costs by providing less expensive and lower quality goods. This supplier builds in the kickback amount as a percentage of the contract value and pays for it from the funds it receives from the World Bank-supported project. Hypothetical example: A supplier agrees to pay a "kickback" to a senior government official whose influence over the bid evaluation committee can steer the award of the contract. Corruption A corrupt practice is the offering, giving, receiving or soliciting, directly or indirectly, anything of value to influence improperly the actions of another party. Both claiming the experience of the individual consultants as its own and exaggerating the value of its pasts projects are examples of fraudulent practices. It has also grossly exaggerated the value of the projects that it has undertaken. The proposals submitted by the consulting company contain numerous examples of past project experience and references that contribute to its success and eligibility. However, a review of the consulting company's past project experience reveals that the company falsely claimed the experiences of individual consultants as its own. Hypothetical example: A consulting company is awarded multiple World Bank-financed contracts, totaling millions of dollars. Fraud A fraudulent practice is any act or omission, including a misrepresentation, that knowingly or recklessly misleads, or attempts to mislead, a party to obtain a financial or other benefit or to avoid an obligation. INT investigations rely heavily on the information that we receive, so we encourage people involved in activities supported by World Bank funds to report suspected fraud or corruption.īelow are definitions and examples that can help you to determine whether you should submit a complaint to INT. The World Bank’s Integrity Vice Presidency (INT) investigates allegations of fraud, corruption, collusion, coercion and obstruction in World Bank-supported activities, including allegations against World Bank staff.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |