Four companies in Bolivia, Bangladesh, and Cambodia will be sanctioned for misconduct in World Bank-related projects, The World Bank said in a statement.

“The World Bank announced the debarment of four companies involved in misconduct relating to projects in Bolivia, Bangladesh and Cambodia,” the statement, issued on Wednesday, said.

Two Bolivian companies, Empresa Constructora y Consultora LAPTUS S.R.L. and Ingenieria en Construcciones Orleans, were each debarred for two years for submitting fraudulent performance securities during a bidding process, the statement said.

The Project Implementation Unit tried to enforce the bid securities to cover its losses, but discovered the securities were fake, the statement added.

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