Common use of Anticorruption Measures Clause in Contracts

Anticorruption Measures. The Borrower shall cause the DISCO to ensure that ADB’s Anticorruption Policy (1998, as amended to date) is followed throughout the implementation of the Investment Project, it being understood that ADB reserves the right to investigate, directly or through its agents, any alleged corrupt, fraudulent, collusive or coercive practices relating to the Investment Project. All bidding documents and contracts in connection with the Investment Project shall include provisions specifying the right of ADB to audit and examine the records and accounts of and all contractors, suppliers, consultants and other service providers as they relate to the Investment Project. The Borrower shall extend full cooperation and all necessary assistance, including access to all relevant contracts, accounting and bookkeeping records, as well as engagement of independent experts that may be needed for satisfactory completion of such investigations. An independent audit of procurement activities shall be carried out as required by ADB during the implementation of the Investment Project, and any external costs related to such audit/investigations are be borne by the respective DISCO.

Anticorruption Measures. The Borrower shall cause the DISCO PEPCO to ensure that ADB’s Anticorruption Policy (1998, as amended to date) is followed throughout the implementation of the Investment Support Project, it being understood that ADB reserves the right to investigate, directly or through its agents, any alleged corrupt, fraudulent, collusive or coercive practices relating to the Investment ProjectSupport Project and the Facility. All bidding documents and contracts in connection with the Investment Support Project shall include provisions specifying the right of ADB to audit and examine the records and accounts of and all contractors, suppliers, consultants and other service providers as they relate to the Investment Support Project. The Borrower shall extend full cooperation and all necessary assistance, including access to all relevant contracts, accounting and bookkeeping records, as well as engagement of independent experts that may be needed for satisfactory completion of such investigations. An independent audit of procurement activities shall be carried out as required by ADB during the implementation of the Investment Support Project, and any external costs related to such audit/investigations are be borne by the respective DISCOPEPCO.