(July 26, 2004) The World Bank had blacklisted Canadian engineering firm Acres International for three years for "corrupt activities" related to the bank-sponsored Lesotho Highlands Water Project, it said at the weekend.
World Bank puts sanctions on Oakville engineering firm
(July 24, 2004) Acres barred from bank-funded work following overseas bribery conviction.
World Bank penalizes Canadian company
(July 24, 2004) The World Bank has, for the first time, levied penalties against a Western company for corruption, banning prominent engineering firm Acres International from bidding on bank-financed projects for three years.
World Bank blacklists Canadian MNC
(July 24, 2004) The World Bank said on Friday that it had blacklisted its first multinational with the debarring of Canadian engineering firm Acres International from new contracts for three years.
World Bank blacklists firm
(July 23, 2004) The World Bank has blacklisted its first multinational, debarring Canadian engineering company Acres International from new contracts for three years.
World Bank bars Acres International over Lesotho water project
(July 23, 2004) Acres International was barred from seeking World Bank contracts for three years after the lender said Acres bribed government officials in the African nation of Lesotho to get favorable treatment on a water project.
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.
World Bank sanctions Acres International Limited
(July 23, 2004) The World Bank in its press release announcing a three-year ban on new Bank contracts for Acres International, said its sanctions committee had considered a number of mitigating factors in its ruling.
World Bank bars Canada’s Acres for corruption
(July 23, 2004) The World Bank announced today it had blacklisted the Canadian engineering company Acres International for three years for corruption in a massive bank-financed dam project in Lesotho.
Acres accused of still owing $2-million in fines
(July 19, 2004) Convicted of bribing an African official, company says it’s paying penalty in stages.
Acres accused of still owing $2 million in fines
(July 19, 2004) Durban and Toronto:The prosecutor who won a precedent-setting bribery case against Acres International in Lesotho says the Canadian engineering firm has yet to pay the bulk of its fine and owes the equivalent of nearly $2 million.
U.S. asks Lesotho bribe prosecutor to attend inquiry
(July 18, 2004) Guido Penzhorn who has been successfully prosecuting mutinationals for corruption in Lesotho, has been invited to appear before the U.S. foreign relations committee in its hearings on corruption in World Bank-funded projects.
Lesotho builds case against Impregilo
(June 6, 2004) Impregilo, one of Italy’s biggest construction firms, will know within weeks if it is to face corruption and bribery charges arising from the Lesotho Highlands Water Project (LHWP).
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.
Sample letters to James Wolfensohn
(May 27, 2004) The world is desperately in need of nations and international organizations that act in accordance with their commitments to operate honestly and fairly, and to uphold justice…Lesotho and Third World countries deserve no less.