1. The debarment is solely in response to fraudulent behaviour of Glocoms.

2. This 2.5years debarment follows the company’s acknowledgment of fraudulent Practices

3. This is the second-longest debarment since the Bank began sanctioning firms in 19

4. Noncompliance with this regulation can lead to termination of the contract, suspension of the contractor, or debarment for up to three years.

5. Acquisition Policy Flash! 17-20, VA Acquisition Regulation (VAAR) 802.101 and Subpart 809.400, Debarment, Suspension and Ineligibility Rescinded by Final Rule issued at 85 FR 60073 on 09/24/2020, effecitve date is 10/26/2020.

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