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Fraud: an Ethiopian company sanctioned

07/09/2023
Source : ORISHAS FINANCE
Categories: Companies

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Last month, the African Development Bank Group (AfDB) excluded Beza Consulting Engineers PLC and its director, Gidey Gebregziabher Gebremariam, for a period of fifteen months, starting on 21 August 2023; he is accused to this company for fraudulent practices in the context of a call for tenders

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Le Groupe de la Banque africaine de développement ( BAD) is continuing its actions to preserve the integrity of its operations. Beza Consulting Engineers PLC is a company registered in Ethiopia. She was prohibited from participating in tenders for projects financed by the ADB during this exclusion period. During the exclusion period, Beza Consulting Engineers PLC and Gidey Gebregziabher Gebremariam will be prohibited from bidding for ADB-funded projects. At the end of this period, the company will be able to return to the tendering process only after having implemented an integrity compliance program in accordance with ADB guidelines

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