Bulgaria, March 25 -- The European Bank for Reconstruction and Development (EBRD) has announced a 12-month debarment of Bulgarian company Project Planning and Management Ltd (PPM) and three of its subsidiaries in connection with fraudulent practice in an EBRD-financed project.The settlement relates to the Bazar-Korgon Water Sub-Project, which supports the modernisation and centralisation of water supply services in the city of Bazar-Korgon and neighbouring settlements in the Kyrgyz Republic.An investigation by the EBRD's Office of the Chief Compliance Officer (OCCO) found that PPM submitted falsified documentation regarding its key experts' fees in relation to a tender for the project, in an attempt to secure the contract.The settlement agr...