World Bank Group accuses ADP International SA

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The World Bank Group today announced that the French-based ADP International SA (formerly ADP Management), an airport developer, operator, administrator, and a subsidiary of Aéroports de Paris SA, Airport Madagascar Project And cheating as part of Zagreb Airport Project.. Sanctions consist of a 12-month ban followed by a 12-month conditional non-ban.

The sanctions have their roots in an investigation conducted by the World Bank Group. Vice President of Honesty It also emphasizes the efforts of financial institutions to promote high integrity standards in projects funded by the International Finance Corporation (IFC). This issue was resolved through a settlement agreement negotiated with multiple companies involved. The settlement shows how such agreements, and general banking group sanctions, can be used to promote better business practices by companies engaged in private sector development projects.

The 12-month ban creates ADP International SA and its authorized subsidiaries (ADP Ingénierie, ADP Airport Services, ADPdo Brasil Participações, ADP International Americas LLC, ADPM Mauritius, Aéroports de Paris Management 3, Airport International Group, Airport Management Company, Airport). increase. Management Services, and Jordan Airport Management-Not eligible to participate in projects and operations funded by World Bank Group institutions. This is part of the Settlement Agreement, under which the Company acknowledges liability for the underlying sanctions and agrees to meet certain conditions for release from the ban.

At the end of the first ban period, ADP International SA sanctions will be conditional non-bans if certain conditions set out in the Settlement Agreement are met. During this period, ADP International SA is eligible to participate in projects and operations funded by World Bank Group institutions as long as they comply with the obligations under the Settlement Agreement. However, if the World Bank Group’s Head of Integrity Compliance determines that the company does not meet the conditions specified at the end of the ban, the World Bank Group’s projects and operations will continue until the release conditions are set. You are not eligible to participate. The settlement agreement has been met.

The IFC-backed Airport Madagascar Project is partially funding the design and development of expansion and refurbishment work at Ivato International Airport and Facine Airport, two major airports in Madagascar. According to the facts of the case, ADP International SA was improper with government officials during a bid for a 28-year contract on airport operations concessions between February 4, 2015 and May 4, 2015. Collaborated by attending various meetings.

The Zagreb Airport Project, also supported by IFC, is partially funding a 30-year concession agreement for the design, construction, operation and maintenance of a new terminal at Zagreb International Airport. According to the facts of the case, ADP International SA did not disclose to IFC the fees paid by the company to the reservation agent in connection with the concession agreement between June 10, 2011 and March 12, 2014. , Engaged in cheating. , Partially transferred to a non-contracted consultant.

The settlement agreement provides for a reduction in the ban period in light of the company’s cooperation and voluntary corrective action. As a condition of release from sanctions under the terms of the Settlement Agreement, ADP International SA has adapted the Group-wide Integrity Compliance Program. World Bank Group Integrity Compliance Guidelines, And agreed to implement and maintain the program as part of future business operations, including licensed subsidiaries.

ADP International SA has also promised to continue to work fully with the World Bank Group’s Vice President of Integrity.

Distributed by the APO Group on behalf of the World Bank Group.

World Bank Group accuses ADP International SA

Source link World Bank Group accuses ADP International SA

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