|
contents | business | |||||||||
| Bam International has paid a fine of €30,000 for payment irregularities on a project in Africa Royal BAM Group nv announces that the Dutch Public Prosecutions Office (DPPO, Openbaar Ministerie) has closed its pending investigation into BAM International bv. The DPPO started this investigation in 2022 into suspicions relating to potential fraud and corruption at some completed projects of BAM International. BAM has fully cooperated with the investigation. The DPPO has now closed the investigation and dismissed these suspicions. BAM conducted its own internal review in connection with the DPPO's investigation and identified certain potentially irregular payments in connection with an unrelated completed project in Africa. BAM self-reported these potentially irregular payments to the DPPO. The DPPO concluded that not all of these payments were properly recorded in BAM International's administration and imposed a fine of €30,000 on BAM International through a penalty order. BAM will not appeal the penalty order. write your comments about the article :: © 2024 Construction News :: home page |