Settlements

ST-106
Bribery of and by World Bank Officials / Ramendra Basu
Bribery of and by World Bank Officials
United States
Department of Justice
Kenya, Ethiopia, World Bank
2002
12/17
Unknown
Individual
Criminal
Guilty Plea
None
$0.00
$0
$0
Art.16
Art. 1
Conspiracy to commit wire fraud, Bribery of foreign officials
Conspiracy to commit wire fraud, Bribery of foreign officials
Yes
According to the June 2011 US Report to the OECD, "In 2002, the Department of Justice charged two World Bank officials, Ramendra Basu, a national of India, and Gautam Sengupta, with conspiring to steer World Bank contracts to certain consultants in exchange for kickbacks. According to court documents, the two defendants conspired with a Swedish consultant and others to use their official positions with the World Bank to steer World Bank contracts in Ethiopia and Kenya to certain Swedish companies in exchange for approximately $127,000 in kickbacks. In addition, the defendants admitted that in January 1999, they received a request for a $50,000 bribe from a Kenyan government official working on a Project Implementation Unit involved in a World Bank-financed project, which was to be paid by the Swedish consultant. Collectively, Basu and Sengupta forwarded this request to the Swedish consultant and passed along related bank account information, despite knowing that the payment was meant to corruptly influence an act or decision of the foreign official in his official capacity, in violation of the anti-bribery provisions of the FCPA." (Source: US Report to the Organisation for Economic Co-operation and Development, "Steps taken to implement and enforce the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions," Information as of May 31, 2011, Bribery of and by World Bank Officials Case Summary, at 125-126.) According to the Judgment in Mr. Basu's case, no monetary penalty was assessed. (Source: US v. Ramendra Basu, Case No. 1:02-cr-00475-RWR (D.D.C.), Judgment in a criminal case, filed May 30, 2008.)