On April 5, 2016, the World Bank announced the one-year debarment of 6M Insulation Panel Co., Ltd.; Huu Nghi Engineering Corporation; TST Co., Ltd.; Sai Gon Insulation Co., Ltd.; Sea Refrigeration Electrical Engineering Company; and Asia Refrigeration Industry Co., Ltd. The World Bank's Integrity Vice President's (INT) investigation revealed that the companies submitted fraudulent documents to win grants to phase out ozone-depleting substances under a project in Vietnam. This investigation is part of a Negotiated Resolution Agreement (NRA).
On April 13, 2016, the World Bank also announced the three-year debarment of Nihon Kohden Europe (NKE). The company acknowledged that it made €373,761 in bribe payments to secure contracts for medical equipment in connection with a World Bank-financed health project in Romania. The debarment is part of an NRA, under which NKE will continue its cooperation with INT and also pay €400,000 in restitution. Nihon Kohden Corporation, NKE's parent company, will also enhance its global compliance program. This debarment qualifies for cross-debarment with other Multilateral Development Banks pursuant to the Agreement of Mutual Recognition of Debarments, dated April 2010.
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