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    PHOTO CREDIT-SEMICON INDIA

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    PHOTO CREDIT-SEMICON INDIA

    PM to inaugurate SEMICON India 2026 on 17 September in New Delhi .

    Blackstone Launches Inside Blackstone, a New Podcast Exploring the Ideas, Technologies and Trends Shaping the Future Economy

    St. George’s Malabar Independent Syrian Church in Bengaluru Achieves Two World Records

    BRICS Backs Expert Group on Traditional Medicine, Calls for Evidence-Based Global Cooperation.

    Luxembourg Minister of Economy, SME, Energy & Tourism Mr Lex Delles calls on Union Minister Dr Jitendra Singh, proposes identifying concrete areas of collaboration, primarily in the Space sector

    India’s $8.4B Space Economy Takes Center Stage as Bengaluru Space Expo 2026 Begins.

  • National
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    Healthcare Innovation: Apollo Hospitals Pioneers India’s First Size-Adjustable Urological Stent Prototypes

    Go to the Field’: Water Resources Minister Warns Non-Performing Cauvery Corp Officials with Suspension

    Strict ‘Zero Tolerance’ Policy Enforced Against Forced Farm Loan Recovery in Karnataka.

    PM Vishwakarma: Strengthening Traditional Artisans and Craftspeople

    TTD Clarification: No Vehicle Restrictions to Tirumala, Devotees Urged to Ignore Social Media Rumors

    TTD December 2026 Darshan and Accommodation Online Quota Release Schedule Announced

  • Business
    PHOTO CREDIT-SEMICON INDIA

    PM to inaugurate SEMICON India 2026 on 17 September in New Delhi .

    Strict ‘Zero Tolerance’ Policy Enforced Against Forced Farm Loan Recovery in Karnataka.

    PM Vishwakarma: Strengthening Traditional Artisans and Craftspeople

  • Health

    Healthcare Innovation: Apollo Hospitals Pioneers India’s First Size-Adjustable Urological Stent Prototypes

    Narayana Nethralaya Hosts Prekshan 2026; Institutionalizes Best Performance Awards for Eye Collection Centers

    PHOTO CREDIT-Manipal-Kanakapura Road.,

    Manipal Hospital Kanakapura Road Sets a Broader Footprint in South Bangalore’s Healthcare Landscape with 360° Gut Care

    Dr. Elke Neujahr, Global CEO, DKMS; Patrick Paul, Executive Chairman, DKMS Foundation India, Dr. Lawrence Faulkner, Founder and Medical Director, Cure2Children and Mr. Rajat Kumar Agarwal, President, Sankalp India Foundation along with Patient and his family

    DKMS and Sankalp India Foundation Reach Milestone of 1,000 Lifesaving Paediatric Transplants for Thalassemia Patients.

    Narayana Health City Anchors Asia’s Highest Volume of Paediatric Haploidentical Transplants

    Public Health as a Growth Driver: Karnataka Government Leverages GWC 2026 Platform to Scale Preventive Healthcare Standards

  • Technology
    • All
    • Environment
    • Science

    Healthcare Innovation: Apollo Hospitals Pioneers India’s First Size-Adjustable Urological Stent Prototypes

    PHOTO CREDIT-SEMICON INDIA

    PM to inaugurate SEMICON India 2026 on 17 September in New Delhi .

    Signify Unveils India’s Largest Philips Smart Light Hub; Strengthens its Premium Retail Footprint

    [ L to R ]

 

Mr. Rohan Ganapathy, Co-Chairman, CII National Committee on Space; Mr. Mallavarapu Apparao, Chairman, CII National Committee on Space; Ms. Jaya Choraria, Deputy Trade Commissioner for South Asia, UK; H.E. Mr. Antonio Bartoli, Ambassador of Italy to India; Dr. Pawan Goenka, Chairman, IN-SPACe; Dr V. Narayanan, Secretary, Department of Space; Chairman, Space Commission; and Chairman, ISRO; Mr. Shashwat Goenka, Vice President, CII; H.E. Mr. Philip Green OAM, High Commissioner of Australia to India; Mr. ISHII Yasuo, Senior Vice President, JAXA; Mr. Radha Krishnan A, Chairman and Managing Director, NSIL

    “Industrial Collaboration and Global Partnerships Key to Accelerating India’s Space Ambitions”: ISRO Chairman Dr V. Narayanan at Bengaluru Space Expo 2026

    India’s $8.4B Space Economy Takes Center Stage as Bengaluru Space Expo 2026 Begins.

    Samsung Galaxy Watch9 Launched as the Ultimate Health and Sleep Companion with Snapdragon Wear Elite Platform

  • Auto

    VECV Venture: Volvo Buses India Bags Record-Breaking Single Order for 150 Luxury Coaches from VTPL

    PHOTO CREDIT-HONDA

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    Tata Motors registered 49% growth YoY with total sales of 44,411 commercial vehicle units in August 2026

    Lexus Unveils the New NX in a World Premiere.

  • Sports

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    BCCI invites applications for the position of Head – Sports Science & Medicine at the Centre of Excellence

    Reeth Abraham, NEB Sports with M.N. Anucheth, IPS, Deputy Inspector General of Police (DIGP) and Commissioner of the Department of Information and Public Relations and Nagaraj Adiga, CMD, NEB Sports

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    India’s Asian Games 2026 Contingent Receives Grand Send-Off Ahead of Aichi-Nagoya Campaign.

  • Entertainment

    Yamaha Music India Launches EAD50 With Acclaimed Drummer Ranjit Barot As Yamaha Artist.

    Actor Dr. Rajkumar’s 97th birthday celebration on April 24th, at 10.30 am in Dr. Rajkumar Punyabhoomi premises of the Sri Kanteerava Studio .

    Doordarshan Chandana has launched an innovative farmers’ reality show named “Raitaratna” (ರೈತರತ್ನ).

    Phoenix Marketcity brings you a legendary live concert by PADMA BHUSHAN KS CHITRA.

    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

  • Lifestyle
    • All
    • Food
    • Travel

    Healthcare Innovation: Apollo Hospitals Pioneers India’s First Size-Adjustable Urological Stent Prototypes

    Levi’s ‘Behind Every Original’ Campaign Returns with Chapter Two: Many Ways, One Original Starring Alia Bhatt.

    The ONLY Fit: ONLY India’s New Denim Collaboration with Smriti Mandhana

    Narayana Nethralaya Hosts Prekshan 2026; Institutionalizes Best Performance Awards for Eye Collection Centers

    PHOTO CREDIT-AIR INDIA

    Air India and IHG hotels & resorts announce landmark loyalty partnership .

    PHOTO CREDIT-Air-India-

    Living the dream: Inside the delivery of Air India’s latest line-fit Boeing 787-9, VT-AWD

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World Bank Group Debars Mega-Mebiko JV LLC

FWM by FWM
April 30, 2020
in Business
0

WASHINGTON, April 29, 2020 — The World Bank today announced the 30-month debarment of Uzbekistan-based manufacturing company Mega-Mebiko JV LLC, in connection with fraud as part of the Syrdarya Water Supply Project in Uzbekistan.

The debarment makes Mega-Mebiko JV LLC 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 availability, quality, and sustainability of public water supply services in selected districts of the Syrdarya region of Uzbekistan. According to the facts of the case, Mega-Mebiko misrepresented financial information and experience claims and falsely stated that it had no conflicts of interest, in order to be awarded a project-financed contract, which constitutes fraudulent practices.

The settlement agreement provides for a reduced period of thirty months in light of the company’s admission of responsibility, cooperation, and voluntary remedial actions. 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.

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The debarment of Mega-Mebiko JV LLC 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.

Tags: Mega-Mebiko JV LLCmultilateral development banks (MDBs)Syrdarya Water Supply ProjectThe World Bank
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