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Indian IT firm debarred by World Bank over collusive practices

( June 24, 2024, 21:26 GMT | Official Statement) -- MLex Summary: The World Bank Group announced the 15-month debarment of Future Netwings Solutions Private Limited (FNSPL), a company that provides IT and networking services, in connection with collusive practices as part of a bank-funded program in India. According to the facts of the case, FNSPL improperly coordinated the preparation and pricing of its bids with other bidders in two tenders for contracts financed by the project, which is a collusive practice, the World Bank said.Statement follows below:...

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