WASHINGTON, June 24, 2024 — The World Bank Group today announced the 15-month debarment of Future Netwings Solutions Private Limited (FNSPL), an India-based company that provides IT and networking services, in connection with collusive practices as part of the West Bengal Institutional Strengthening of Gram Panchayats Program II in India.
The project aimed to strengthen the institutional and financial capacities of Gram Panchayats, which are local governing institutions, across West Bengal. According to the facts of the case, FNSPL improperly coordinated the preparation and pricing of its bids with other bidders in two tenders for contracts financed by the project, which is a collusive practice.
The debarment makes FNSPL ineligible to participate in World Bank Group-financed projects and operations. As part of a settlement agreement, the company acknowledges responsibility and agrees to meet specified corporate compliance conditions as a requirement for release from debarment. These include developing bid preparation policies and procedures consistent with the related principles set out in the World Bank Group Integrity Guidelines, and a corporate ethics training program.
The company also commits to continue to fully cooperate with the World Bank Group Integrity Vice Presidency. The settlement agreement reduces the debarment period in light of the company’s cooperation and voluntary remedial actions.
The debarment of FNSPL qualifies for cross-debarment by other multilateral development banks under the Agreement for Mutual Enforcement of Debarment Decisions that was signed on April 9, 2010.
