Bloomberg business news reported (June 14) that the World Bank on June 12 announced a 15-month debarment of China-based Dongfang Electronics Co. Ltd. (Dongfang) in connection with fraudulent practices while bidding on a power project in Liberia.

The debarment makes Dongfang, which provides electrical engineering, manufacturing, and research and development services, ineligible to participate in World Bank-financed projects. The debarment of Dongfang qualifies for cross-debarment by other multilateral development banks (MDBs) under the Agreement for Mutual Enforcement of Debarment Decisions that was signed on April 9, 2010.