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African Development Bank Debars Weihai Construction Group for 35 Months for Fraudulent Practices

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African Development Bank Debars Weihai Construction Group for 35 Months for Fraudulent Practices

Press Release - The African Development Bank Group, on 23 December 2021, announces the conclusion of a negotiated settlement agreement with Weihai Construction Group, thus putting an end to sanctions proceedings for fraudulent practices raised against that company. Pursuant to the negotiated settlement agreement, Weihai Construction Group, registered in China, will be debarred for a period of 35 months, effective 19 November 2021.

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African Development Bank Debars Weihai Construction Group for 35 Months for Fraudulent Practices

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African Development Bank Debars Weihai Construction Group for 35 Months for Fraudulent Practices

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