World Bank Group bans Singapore-based marine equipment retailer
The debarment makes Jason Electronics ineligible to participate in projects and operations financed by institutions of the World Bank Group for a period of six months.World Bank | Singapore | Updated: 10-12-2020 15:52 IST | Created: 10-12-2020 15:52 IST
Representative Image Image Credit: www.worldbank.org
The debarment makes Jason Electronics ineligible to participate in projects and operations financed by institutions of the World Bank Group for a period of six months. It is part of a settlement agreement under which the company acknowledges responsibility for the underlying sanctionable practice and agrees to meet specified corporate compliance conditions in order to be released from debarment.