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Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Posts Tagged: African Development Bank

The European Investment Bank’s 2020 Fraud Investigation Activity Report is an important compliance resource

The European Investment Bank’s Investigations Division (IG/IN) is mandated to investigate allegations of “Prohibited Conduct” involving EIB Group-financed operations and activities, or allegedly involving members of governing bodies or staff. The IG/IN team include former prosecutors and former law enforcement personnel, forensic accountants, and lawyers.… Continue Reading

More allegations of ‘Prohibited Conduct’ in 2019 from the European Investment Bank

Like the integrity and investigation functions at five other Multilateral Investment Banks (World Bank, EBRD, Inter-American Development Bank, African Development Bank, and Asian Development Bank), the European Investment Bank’s Fraud Investigation team prepares and publishes an annual activity report describing its work to prevent, deter, investigate and remediate fraud and corruption.… Continue Reading

African Development Bank debars China power company for fraudulent practices

The African Development Bank Monday debarred CHINT Electric Co., Ltd. for 36 months for lying about its qualifications and experience in multiple bids for ADB-financed projects.

The ADB’s Office of Integrity and Anti-Corruption said Shanghai-based CHINT is ineligible during the debarment for contracts under any African Development Bank-financed project.… Continue Reading

African Development Bank debars state-owned China firm for fraud

A China state-owned enterprise was debarred for at least a year by the African Development Bank (AfDB) Tuesday for lying about its past experience.

Chongqing International Construction Corporation (CICO) “engaged in a fraudulent practice” during bids for an AfDB-financed road project in Uganda, according to the AfDB’s Office of Integrity and Anti-Corruption.… Continue Reading