REAL-WBG-2025-001·WORLD BANK GROUP·
World Bank Group Debars L.S.D. Construction & Supplies
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Report an error or privacy concernJURISDICTIONPHILIPPINESSECTORCONSTRUCTION & PROPERTYSTAGEDEBARMENT
Summary
The World Bank Group announced a 4.5-year debarment of Philippines-based L.S.D. Construction & Supplies for collusive, fraudulent and corrupt practices in a rural development project. The Bank said the company secretly subcontracted contracts through undisclosed arrangements and made an improper payment connected with award and invoice processing. The settlement requires integrity-compliance measures and continuing cooperation with the Bank's Integrity Vice Presidency.