The World Bank announced on Tuesday the debarment of Glocoms Inc, a US-based management consulting firm, and its CEO for having engaged in fraud in relation to a World Bank-financed project in Vietnam, the Second Vietnam Payment System and the Bank Modernisation Project.
The decision was made after the World Bank’s Integrity Vice Presidency had launched an investigation into Glocorns for misrepresenting facts about the firm’s experience and technical qualifications, according to a press release by the bank./.
The decision was made after the World Bank’s Integrity Vice Presidency had launched an investigation into Glocorns for misrepresenting facts about the firm’s experience and technical qualifications, according to a press release by the bank./.
