EBRD announces settlement with engineering and construction firm Omrab
United Kingdom, Oct. 28 -- The European Bank for Reconstruction and Development (EBRD) has announced a 13-month debarment of Omrab Canada Inc. and Omrab Engineering Company (P.J.S.) (together, Omrab).The settlement was reached in connection with fraudulent practice related to the Khorezm Water project, which aims to improve water and wastewater infrastructure in the Khorezm region of Uzbekistan.In order to meet the tender security requirements in one instance of procurement, Omrab submitted documentation (provided by a local partner in Uzbekistan), which the EBRD's Office of the Chief Compliance Officer (OCCO) found to be fraudulent.The settlement agreement provides for a reduced sanction in light of Omrab's cooperation during OCCO's invest...
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