Beijing, September 29, 2020 — The Asian Infrastructure Investment Bank (AIIB) has announced the debarment of six firms and one individual relating to prohibited practices in its corporate procurement processes. Identification, investigation and debarment decisions at AIIB are guided by the Bank’s Policy on Prohibited Practices, which defines all sanctionable practices and establishes its sanctions regime.

Hamid Sharif, Managing Director of AIIB’s Complaints-resolution, Evaluation and Integrity Unit said, “the sanctions imposed on these six firms and one individual are the first under AIIB’s Policy on Prohibited Practices since the Bank began operations in 2016. They underscore AIIB’s commitment to its “Clean” value and delivers a clear message of zero tolerance for corruption in the Bank’s operations.”

The debarred firms and individual are:

The debarment decision makes the firms and individual, and their affiliates, ineligible to bid on future AIIB-financed projects during the sanction period. For a complete list of AIIB debarred entities, please visit the Bank's Debarment List.