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NEWS October 24, 2014

Issuance of Sanctions Board Decision No. 74

Pursuant to Sanctions Board Decision No. 74 issued in Sanctions Case No. 201, the Sanctions Board imposes a sanction of debarment on CAA Communications and Accessories AG (the ¡°Respondent¡±), together with any entity that is an Affiliate directly or indirectly controlled by the Respondent, with the possibility of conditional release after a minimum period of two (2) years. This sanction is imposed on the Respondent for fraudulent practices as defined in Paragraph 1.14(a)(ii) of the World Bank¡¯s Guidelines: Procurement under IBRD Loans and Å·ÃÀÈÕb´óƬ Credits (May 2004), and Paragraph 1.14(a)(ii) of the World Bank¡¯s Guidelines: Procurement under IBRD Loans and Å·ÃÀÈÕb´óƬ Credits (May 2004, revised October 2006).