AfDB bans consulting firm for fraud
News & Trends •
the african development bank group on thursday banned for 48 months geo sciences international sarl a consulting firm based in yaound cameroon for alleged fraudulent practices1 an investigation conducted by the banks office of integrity and anti-corruption established that geo sciences engaged in numerous fraudulent practices in bidding for a consulting contract under the agro-forestry development support project in the democratic republic of congo1 while participating in a tender for the conduct of various technical biophysical and mapping studies the company misrepresented its experience in conducting such studies as well as the remuneration of the experts involved in these studies1 further geo sciences failed to properly disclose a potential conflict of interest1 the debarment renders the consultancy firm ineligible to participate in bank-financed projects during the debarment period1 the debarment qualifies for cross-debarment by other multilateral development banks under the agreement for mutual recognition of debarment decisions including the asian development bank the european bank for reconstruction and development the inter-american development bank and the world bank group1 the agro-forestry development support project was financed under the congo basin forest fund hosted by the afdb1 the office of integrity and anti-corruption of afdb group is responsible for preventing deterring and investigating allegations of corruption fraud and other sanctionable practices in bank group-financed operations1 the investigation by the office of integrity and anti-corruption of the african development bank was conducted by mr. mehdi khoali and mr. bouraoui jaouadi1 african development bank staff and the general public can use secured hotlines to report sanctionable practices within the bank or operations financed by the bank group1