Category: Lesotho

PRESS RELEASE Landmark decision will lead to other debarments

(July 23, 2004) Canadian-based foreign aid watchdog Probe International welcomed the World Bank’s decision today to blacklist Canadian engineering company Acres International from receiving World Bank contracts for the next three years and predicts the Bank’s blacklisting of Acres will lead to more debarments of other companies convicted in the Lesotho corruption trials.

SNC barred from bidding

(June 22, 2004) In a case kept quiet until now, Canada’s biggest engineering firm, SNC-Lavalin Group Inc., has emerged as the first major Western firm known to have been punished for fraud by one of the giant international agencies that finance development in poor countries.