The potential irregularity was discovered during an investigation into another project in Africa. Bam has said it will not contest the ruling.
In an email to GCR, the Utrecht-based company declined to say which of its developments in Africa was involved, only that it concerned the company’s international subsidiary, which has been winding down operations since mid-2020.
It is unclear if the fine relates to an investigation into Bam that was begun in 2022.
A press release said the company was “committed to integrity, including compliance with all applicable laws, regulations and standards”.
Further Reading:
Dutch authorities investigate Bam International over “potential irregularities” BAM Nuttall fined £833k after polystyrene block falls on worker’s headBam fined over ‘irregular payments’ in Africa Global Construction Review.
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