Fraudulent Practices definition

Fraudulent Practices. Coercive Practices”, “Collusive Practices” and “Obstructive Practices” in the context of IFC operations.
Fraudulent Practices which means any act or omission, including a misrepresentation, that knowingly or recklessly misleads, or attempts to mislead, a party to obtain a financial or other benefit or to avoid an obligation; and

Examples of Fraudulent Practices in a sentence

  • Corrupt or Fraudulent Practices 34.1 The Procuring Agency requires that Bidders, Suppliers, and Contractors observe the highest standard of ethics during the procurement and execution of contracts.

  • Bank Policy - Corrupt and Fraudulent Practices Guidelines for Procurement of Goods, Works, and Non-Consulting Services under IBRD Loans and IDA Credits & Grants by World Bank Borrowers, dated January 2011.

  • Eligible Countries Section VI Bank Policy-Corrupt and Fraudulent Practices PART 2 Supply Requirements Section VII.

  • Corrupt or Fraudulent Practices: It is required by all concerned namely the Consignee / Bidders / Suppliers etc to observe the highest standard of ethics during the procurement and execution of such contracts.


More Definitions of Fraudulent Practices

Fraudulent Practices means misrepresentation or omission of facts in order to execute of contract.
Fraudulent Practices means any conduct or representation on