Financial Crime Financial Crime

Spain's GMV hit with 42-month World Bank debarment over Vietnam corruption

By Richard Vanderford
  • 03 Mar 2021 15:48
  • 03 Mar 2021 16:06
A unit of Spanish engineering company GMV has been hit with a 42-month World Bank debarment as part of a settlement over corruption in public projects in Vietnam..

The World Bank today announced the settlement with GMV unit Grupo Mecánica del Vuelo Sistemas, saying GMV had been involved in "collusive, corrupt and fraudulent practices"

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