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Brand AI

GMV

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2021

    World Bank debarment of GMV subsidiary

    In March 2021, the World Bank debarred Grupo Mecánica del Vuelo Sistemas S.A.U., a GMV subsidiary, for three and a half years in connection with collusive, corrupt, and fraudulent practices identified under World Bank sanctions procedures. The matters concerned sustainable urban-development and urban-transport projects in Vietnam. The subsidiary accepted compliance conditions associated with release from the sanction.

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