World Bank May Ban Bombardier Following Allegations Of Corruption

More trouble for the beleaguered company that has often been bailed out with taxpayers dollars.

Bombardier – already facing immense struggles – could be banned from World Bank projects.

That’s because of corruption allegations the company is facing in Azerbaijan.

The allegations relate to a $340 million contract the company received in 2013 for a 500 KM rail corridor.

As noted by BNN Bloomberg, “In one of the country’s biggest corruption cases to date, Sweden appealed in 2017 the acquittal of a Russian employee in Bombardier’s Swedish branch for aggravated bribery involving an Azerbaijan Railway Authority employee. The train maker says in its latest annual information form that an appeal trial is expected next year.”

It is alleged that the company used ‘delaying practices or obstructive behavior’ in regards to an audit.

In response, the World Bank has sent a ‘show-cause’ letter, which means Bombardier must explain and demonstrate why action should not be taken against the company.

That ‘action’ could include a ban on World Bank-financed projects, which would be a significant blow to the already-struggling company.

Of course, no matter how badly Bombardier struggles, we can expect that the Trudeau Liberals would just bail them out again with our tax dollars, since in Canada, the elites never seem to pay the price for their crimes and failures.

Spencer Fernando

Photo – YouTube

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Halgaunt
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Halgaunt

Spencer, that would be great news. As well, this would (?) tie in with this ban, still in existence and in force?
http://www.worldbank.org/en/news/press-release/2013/04/17/world-bank-debars-snc-lavalin-inc-and-its-affiliates-for-ten-years

jim
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jim

Criminal behaviour by the elites again. Who is surprised anymore?

Grant
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Grant

The corruption in Quebec is beyond belief.

Robert Rice
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Robert Rice

Another Quebec company, surprise surprise

NancyW
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NancyW

Can we even begin to imagine how corrupt the LIEberal/NDP/Green party is, and all UN one worlders to boot? When I was young (a long time ago) my dad and uncles used to complain about the tax money given to Bonbardier and we were watching many other Canadian companies being bought out from outside of Canada or closing down, how incompetent and corrupted have our LIEberal governments been for so long, ever since the Communist LIEberal P E Trudeau (daddy) used to lie to us, non french Canadians.

Clive
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Clive

Ribbit, ribbit! Don’t drain the swamp…. Ribbit….

peter black
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After the SNC debacle that was my first question: How do Bombardier get their contracts.
Rogue Quebec corporations giving Canadian companies a bad reputation. This is pathetic and we should not have to let the World Bank deal with this criminal activity. Where are the RCMP? They must be part of the corruption. What influence does the PMO have on the Mounties?
Canada is becoming a third world corrupt dictatorship moving towards ENVIRONMENTAL COMMUNISM AND WORLD GOVERNMENT.

David Henley
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What is wrong, is that both liberal and conservative governments have being giving money to this company. Both corrupted parties have been doing this for far too long. Need some real change to Canadian politics

Les Magnuson
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Les Magnuson

Quebec is such an embarrassment