Engineering and infrastructure giant L&T, on Friday, said the World Bank’s six-month sanction against it would not have any significant impact on its business and the group had taken necessary measures to prevent recurrence of any such incident.
When contacted, an L&T Group spokesperson said that a junior employee in the medical equipment business had falsified some customer testimonials and submitted them in support of an offer.
“On discovery of the misrepresentation, the employee was confronted with the fact and he resigned from the company. L&T has since divested the medical equipment business,” the spokesperson said.
“Based on the incident, preventive measures were tightened across the L&T Group to prevent recurrence of such incidents. We do not expect that these sanctions will have any significant impact on our business,” he added.