World Bank debars Indian environmental engineering firm for hiding subcontractor
( December 8, 2021, 17:06 GMT | Official Statement) -- MLex Summary: The World Bank debarred Indian-based Ramky Enviro Engineers and its managing director, M. Goutham Reddy, for 20 months for failing to disclose a subcontractor when Ramky bid on a project to remediate polluted sites. The Bank said Ramky received a reduced period of debarment due to its cooperation.Statement follows....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.