Beijing, July 31, 2025 — The Asian Infrastructure Investment Bank (AIIB) has announced the four (4)-year debarment of Md. Faridul Alam ( Mr. Alam) for Fraudulent and Obstructive Practices in relation to his involvement in the Bangladesh: Sylhet to Tamabil Upgrade Project (the Project). The Project aims to improve cross-border connectivity between Bangladesh and India via a safe and efficient road link between Sylhet and Tamabil.

According to the facts of the case, Mr. Alam engaged in Fraudulent Practices by making multiple misrepresentations during a procurement process under the Project. He further engaged in Obstructive Practices by making false statements and withholding material information during AIIB’s investigation.

This debarment decision by AIIB’s Sanctions Officer makes Mr. Alam ineligible to be awarded and/or participate in additional contracts for Projects (as defined in AIIB’s Policy on Prohibited Practices or “PPP”) for a period of four (4) years beginning July 3, 2025, in accordance with Section 7.2.2 of the PPP. For a complete list of AIIB debarred entities, please visit AIIB's Debarment List.

About AIIB Investigations and Sanctions

Investigation and sanctions decisions in relation to AIIB-funded projects and activities are guided by AIIB’s Policy on Prohibited Practices (PPP), which also defines all sanctionable Prohibited Practices. Investigations into allegations of Prohibited Practices are carried out by AIIB’s Complaints-Resolution, Evaluation, and Integrity Unit (CEIU). AIIB sanctions are imposed by its Sanctions Officer. Appeals of decisions by the Sanctions Officer are reviewed by AIIB’s Sanctions Panel, whose decision is final.