<p>Videocon Industries Ltd (VIL) has been barred from doing any business with World Bank for violating “procurement guidelines”, for a period of three years, beginning January 11, 2010, a notification on the bank’s website said.<br /><br />Videocon was sent a “letter of reprimand subsequent to an administrative process” permitting the company to respond to the allegations, the World Bank said.<br /><br />Videocon’s name has been listed among firms and individuals ineligible to be awarded a World Bank-financed contract, as it has violated fraud and corruption provisions of the procurement guidelines.<br /><br />The list of debarred entities from India include two Kolkata-based firms B R & Sons and Hemant Tibrewal, and three Delhi-based entities — Om Prakash Jindal, Upasana Jindal and S M Scientific Instruments Pvt Ltd.</p>
<p>Videocon Industries Ltd (VIL) has been barred from doing any business with World Bank for violating “procurement guidelines”, for a period of three years, beginning January 11, 2010, a notification on the bank’s website said.<br /><br />Videocon was sent a “letter of reprimand subsequent to an administrative process” permitting the company to respond to the allegations, the World Bank said.<br /><br />Videocon’s name has been listed among firms and individuals ineligible to be awarded a World Bank-financed contract, as it has violated fraud and corruption provisions of the procurement guidelines.<br /><br />The list of debarred entities from India include two Kolkata-based firms B R & Sons and Hemant Tibrewal, and three Delhi-based entities — Om Prakash Jindal, Upasana Jindal and S M Scientific Instruments Pvt Ltd.</p>