EURENCO Fined €163,000 for Irregularities in Public Contracts
Paris, November 15, 2024 – The French Ministry of Economy and Finance announced today that the SAS EURENCO, a defense industry company, has been fined €163,000 for irregularities in public contracts it won.
The irregularities were discovered during an investigation by the Competition and Consumer Affairs Directorate (DGCCRF), a branch of the Ministry of Economy and Finance. The investigation found that EURENCO had breached certain rules and regulations related to public procurement, including:
- Failure to declare a conflict of interest: EURENCO had failed to disclose a potential conflict of interest in its bid for a public contract, which could have compromised the fairness of the bidding process.
- Improper use of confidential information: The investigation revealed that EURENCO had used confidential information obtained from a competing bidder to its advantage in the bidding process.
- Submission of inaccurate documentation: EURENCO had submitted inaccurate documentation related to its financial standing and technical capabilities, which could have misled the contracting authority.
Based on the findings of the investigation, the DGCCRF imposed a fine of €163,000 on EURENCO. The fine is intended to deter similar practices in the future and ensure fair competition in public procurement.
In addition to the fine, EURENCO has been ordered to take corrective measures to address the irregularities and prevent them from recurring. These measures include:
- Implementing a conflict of interest policy
- Establishing procedures for handling confidential information
- Revising its documentation submission process
EURENCO has 30 days to appeal the decision.
Implications
The fine imposed on EURENCO sends a strong message to companies bidding for public contracts in France. It emphasizes the importance of соблюдение правил и норм and fair competition in public procurement.
The decision also highlights the role of the DGCCRF in enforcing these rules and protecting the integrity of the public procurement process.
About EURENCO
SAS EURENCO is a French defense industry company that specializes in the production of ammunition, explosives, and pyrotechnics. The company has a turnover of over €500 million and employs around 2,500 people.
About the DGCCRF
The DGCCRF is a branch of the French Ministry of Economy and Finance responsible for enforcing consumer protection laws and regulations. The DGCCRF also monitors competition in various sectors of the economy, including public procurement.
Amende de 163 000 € prononcée à l’encontre de la SAS EURENCO (numéro de SIRET : 449 207 414 00102)
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