EBRD announces settlement with Uzbek company Fergana Omegamet
Uzbekistan, May 23 -- The European Bank for Reconstruction and Development (EBRD) has announced a 23 month debarment of Uzbek company Fergana Omegamet mas'uliyati cheklangan jamiyati (Fergana Omegamet).This settlement was reached in connection with fraudulent practices related to the Namangan water project, which aims to renovate water and wastewater infrastructure in the Namangan region of Uzbekistan.An investigation by the EBRD's Office of the Chief Compliance Officer (OCCO) found that, in the context of one of the procurements related to the Namangan water project, Fergana Omegamet had misrepresented its prior work experience by submitting forged documents as part of its proposal. It had also failed to disclose in its technical proposal,...
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