Topic: Multilateral development banks

EBRD lawyer acquitted over alleged embezzlement scheme

A London court has acquitted a European Bank for Reconstruction and Development lawyer of handling potentially illicit funds.

04 February 2021

IDB faces allegations of due process failings

A Washington, DC federal lawsuit raises questions about the Inter-American Development Bank’s handling of an investigation into two individuals and a related corporate settlement.

29 January 2021

Acting head takes charge of AfDB anti-corruption unit

A senior ethics official takes temporary charge of the African Development Bank’s anti-corruption unit, with the previous head set to start his new role at the World Bank.

22 January 2021

The World Bank’s increasing focus on high-impact cases and compliance

Defence lawyers and former World Bank officials tell GIR how the Integrity Vice Presidency has changed, and where it is headed.

19 January 2021

World Bank sanctions board criticises INT corruption probe

The World Bank’s sanctions board said it is concerned that the international financial institution’s anti-corruption unit made no effort to interview a significant witness as part of an investigation into alleged bribery.

06 January 2021

World Bank debars third company in Colombian contract fraud

The World Bank’s sanctions board debarred a Greek company after a contentious battle between the business and the Integrity Vice Presidency.

17 December 2020

Recent AfDB cases send mixed signals to companies

The African Development Bank is sending mixed messages with the debarments it hands out to companies, say Hogan Lovells’ Peter Spivack, Malak Hamwi and Salomé Lemasson.

17 December 2020

World Bank appoints new investigations director

The World Bank’s Integrity Vice Presidency has hired a new investigations director more than three years after the previous one left.

24 November 2020

Trial date set for EBRD lawyer

A European Bank for Reconstruction and Development lawyer and an ex-special counsel at Cooley will stand trial in 2021 over an alleged embezzlement scheme involving the Commonwealth Secretariat.

19 November 2020

EBRD lawyer denies wrongdoing in fraud case

Melissa Khemani, a lawyer in the European Bank for Reconstruction and Development’s compliance department, has pleaded not guilty to agreeing to handle potentially illicit funds.

22 October 2020

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