When multilateral development banks (MDBs) identify corruption on their projects, they have a range of penalties at their disposal. But the common penalty imposed is debarment with conditional release, where a company is banned from MDB projects for a set period.
But MDBs now also consider taking a DPA-style approach, where those who commit wrongdoing can still work on projects providing they meet certain conditions. It is an approach that can have benefits for both the MDB and those involved directly or indirectly with the project.
Rahman Ravelli’s Aziz Rahman and Josh Ray wrote about why this way of tackling corruption – known as conditional non-debarment – may prove popular with MDBs. Their article, published by GIR, can be read here. (Subscription required)
Aziz Rahman is Senior Partner at Rahman Ravelli and its founder. His ability to coordinate national, international and multi-agency defences has led to success in some of the most significant corporate crime cases of this century and top rankings in international legal guides. He is recognised worldwide as one of the most capable legal experts regarding top-level, high-value commercial and financial disputes.
Joshua Ray represents individuals and corporates in complex investigations, prosecutions and regulatory actions regarding market manipulation and multijurisdictional matters involving fraud, bribery and money laundering.