The African Development Bank Group has banned China’s Chongqing International Construction Corporation (CICO) from bidding for contracts for at least a year after a corruption probe. It said its Office of Integrity and Anti-Corruption established that CICO engaged in a fraudulent practice when bidding for an AfDB-financed road project in Uganda. To meet the pre-qualification requirements for tenders, CICO “inflated its purported experience with similar projects, grossly overstating both the scope and the value of contracts it had supposedly successfully completed in the past”, the bank said. –Public Finance/
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