Pursuant to Sanctions Board Decision No. 82, issued in Sanctions Case No. 335, the Sanctions Board imposes a sanction of debarment on Grant Thornton Herrera Guzmán y Asociados (the “Respondent”) with the possibility of conditional release after a minimum period of three (3) years. The Sanctions Board finds that it is more likely than not that the Respondent engaged in fraudulent practices as defined in Paragraph 1.22(a)(ii) of the World Bank’s Guidelines: Selection and Employment of Consultants by World Bank Borrowers (May 2004, revised October 1, 2006) and the World Bank’s Guidelines: Selection and Employment of Consultants by World Bank Borrowers (May 2004, revised October 1, 2006, and May 1, 2010) by making fraudulent misrepresentations in two audit reports submitted under Bank-financed contracts.
