African Development Bank debars Hangzhou Fuchuan Electric Equipment Co., Ltd. for 36 months for Fraudulent Practice
Cote Dlvoire, Oct. 27 -- The African Development Bank Group announced the 36 months debarment of Hangzhou Fuchuan Electric Equipment Co., Ltd. with conditional release, requiring the company to complete an integrity compliance program. Hangzhou Fuchuan Electric Equipment Co., Ltd. is a construction company registered in the Peoples Republic of China.An investigation conducted by the Office of Integrity and Anti-Corruption of the African Development Bank Group established that, in the context of tender for the construction of electricity infrastructure and supply of equipment under the Itezi-Tezhi Hydropower and Transmission Line Project in the Republic of Zambia, Hangzhou Fuchuan Electric Equipment Co., Ltd. committed Fraudulent Practice. H...
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