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Singapore electronics merchant debarred by World Bank for hiding payments to third party

( December 9, 2020, 15:21 GMT | Official Statement) -- MLex Summary: Jason Electronics, a Singapore-based merchant of marine equipment, has been debarred by the World Bank for six months for sanctionable practices in Bangladesh. "When bidding for a contract under the project, Jason Electronics failed to disclose its agreement to pay a commission and fee to a local agent," the World Bank said. Jason received a reduced period of debarment due to its cooperation with the Bank and its voluntary remedial actions, the World Bank said.Statement follows below:...

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