World Bank group imposes 20-month debarment on Ramky Enviro Engineers
The World Bank Group has announced 20-month debarment of Ramky Enviro Engineers Ltd (REEL), a city-based waste management and environmental services company, in connection with a "fraudulent practice" as part of the Capacity Building for Industrial Pollution Management Project in India.
KKR, a leading global investment firm that manages multiple alternative asset classes owns 60 per cent in Ramky Enviro Engineers Limited, the company's website said. Pic: Website of The World Bank