World Bank has debarred Progressive Constructions Ltd (PCL), founded by Union Minister and Congress leader K Sambasiva Rao, for minimum eleven years for violating its ‘fraud and corruption policy’. The Bank said that the debarment would apply to all legal entities directly or indirectly controlled by PCL and the ineligibility period began from November 26, 2013. Calls made to the company for their comments did not elicit any reply, while phone calls and messages sent to Rao and his office in New Delhi also remained unanswered. The Hyderabad-based company has faced this sanction for violation of the Procurement Guidelines applicable to the World Bank-financed projects. “The period of ineligibility of Progressive Constructions Limited extends to any legal entity that it ...

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