The FCPA Blog | By: Richard L. Cassin | Friday, July 7, 2017 at 7:28AM:
The World Bank debarred Fichtner GmbH & Co. KG for fifteen months after a former employee took bribes to influence contract awards on a project in Africa.
Stuttgart-based Fichtner has about 1,500 employees worldwide. It provides engineering services for infrastructure projects.
The sanctionable misconduct occurred under the World Bank-financed Southern Africa Power Market Project (SAPMP) in the Democratic Republic of the Congo.
Privately-held Fichtner entered into a Negotiated Resolution Agreement with the World Bank.
The company didn’t “contest the corrupt practice by a former employee, who received improper payments in exchange for influencing a tender process under the SAPMP by significantly narrowing competition.”
The World Bank said Fichtner cooperated with the investigation, acknowledgment the misconduct, and enhanced its compliance program.
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