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Fraudulent practice: the Compagnie Sénégalaise de Travaux Publics excludes for 12 months

12/12/2024
Source : ORISHAS FINANCE
Categories: Compliance

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A settlement agreement negotiated with the Compagnie Sénégalaise de Travaux Publics was concluded by the African Development Bank Group on 9 December last year. This agreement will put an end to the sanctions procedures initiated for fraudulent practices against the company

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The Compagnie Sénégalaise de Travaux Publics, registered in Senegal, is excluded for a period of twelve months, beginning on 10 December 2024. Indeed, according to an investigation conducted by the Office of Integrity and the Fight against Corruption of the African Development Bank Group, the Compagnie Sénégalaise de Travaux Publics had used a fraudulent practice in the context of a tender for the construction and equipment of ancillary buildings, including a data center, business process outsourcing facilities, an incubator for ICT companies, a training center, a research center and a center for audiovisual production and content, as well as administrative offices. According to the information, the company submitted, as part of its offer, falsified completion certificates for works that it claimed to have carried out, which the

investigation reveals to be false.

During the exclusion period, Compagnie Sénégalaise de Travaux Publics will be required to cooperate with the Office of Integrity and Anti-Corruption, as well as with the judicial and regulatory authorities of the judicial and regulatory authorities of the member countries of the African Development Bank in the context of their investigative functions. She will not be allowed to participate in projects financed by the African Development Bank Group

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