World Bank Bars Three PwC Africa Units From Deals for Graft (1)

The World Bank has barred PricewaterhouseCoopers LLP network affiliates in Mauritius, Kenya and Rwanda from providing professional services for projects it finances for 21 months.

The units engaged in “collusive and fraudulent practices” as part of their work on the construction of a high-voltage electricity transmission line linking Kenya and Ethiopia, the Washington-based lender said in a statement on Wednesday.

The three units — including Mauritius-based PwC Africa Associates Ltd. — “obtained confidential procurement information from project officials to improperly influence the award of consultancy services” in 2019, it added.

That contract was for the implementation of global accounting standards ...