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Sediver SAS debarred for two years by World Bank for improper payments in DRC

( December 5, 2017, 16:31 GMT | Official Statement) -- MLex Summary: The World Bank debarred Sediver SAS, a French manufacturer of power transmission equipment, for two years in a case related to the Southern Africa Power Market Project in the Democratic Republic of Congo. The World Bank said Sediver SAS made improper payments to an employee of a consulting company to influence a tender process.  The bank also said parent company Sediver SpA is "conditionally non-debarred" for 18 months, meaning that it remains eligible to participate in World Bank-financed projects on the condition that it complies with the terms of a negotiated resolution agreement with the bank.Statement follows....

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