European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank
If no EIB funds are involved, please contact:
6. HOW do I contact IG/IN?
(a) the competent national authority in your
country in order to report:
By E-mail: investigations@eib.org
➜ Irregularities in public procurement involving
national funds;
➜ Corruption of an official whose work does not
involve EIB money;
By Fax: (+352) 43 79 64000
By Phone: (+352) 43 79 87441
By Post: 98-100, boulevard Konrad Adenauer
L-2950 Luxembourg
(b) OLAF to report:
IG/IN
➜ Irregularities involving EU funds; and/or
OLAF
(c) the relevant investigation function of the IFI
(e.g. World Bank, Inter-American Development Bank,
Asian Development Bank, African Development
Bank or European Bank for Reconstruction and
Development) to report:
➜ A suspicion of irregularities during procurement
involving an IFI-financed project.
➜ A suspicion of bribe payments to officials on an
IFI-financed project or to IFI staff.
➜ A suspicion of irregularities in the execution of a
contract financed by the IFI (e.g. false invoices).
➜ A suspicion of illegal double funding (a project
financed by an IFI is also presented for financing
to another donor/IFI).
Fraud Investigations Division (IG/IN)
Combatting Fraud and
Corruption in EIB’s
Operations
98-100, boulevard Konrad Adenauer
L-2950 Luxembourg
3 (+352) 43 79 – 1
5 (+352) 43 77 04
www.eib.org - U info@eib.org
© E I B – 1 0 / 2 0 1 1 © E I B G r a p h i c Te a m
European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank
1. WHAT is IG/IN?
IG/IN is the acronym for the Inspector General’s Fraud
Investigations Division, an independent entity within
the European Investment Bank (EIB). EIB is the finan­
cing institution of the European Union, and is based
in Luxembourg. The EIB lends not only to private and
public borrowers within the EU Member States but
also, under a number of mandates, in many other parts
of the world.
IG/IN was created in 2004 to combat fraud and corruption affecting the EIB’s operations.
IG/IN’s Head of Division reports through the Inspector
General to the President of the EIB and simultaneously to
Senior Management, OLAF and the Audit Committee.
2. WHAT types of cases does IG/IN investigate?
IG/IN undertakes administrative, fact-finding investigations concerning
➜ Fraud
➜ Corruption
➜ Collusion
➜ Coercion
in EIB’s activities and operations as they are defined by
the International Financial Institution’s (IFI’s)1 Uniform
Framework Agreement (September 2006) and incorporated
into EIB’s Anti-Fraud Policy. IG/IN can also investigate
other illegal conduct affecting EIB’s operations (in particular money laundering or terrorist financing) or by
EIB staff.
1 IFI’s include the World Bank, Asian Development Bank, African Development
Bank, Inter-American Development Bank and the European Bank for Reconstruction and Development
IG/IN also assists OLAF2 and National Authorities in
their fight against fraud by means of deterrence and
prevention and therefore contributes to public trust in
the European project.
3. HOW does IG/IN work?
IG/IN is staffed by investigators, prosecutors and accountants experienced in domestic criminal matters and
administrative inquiries at international institutions.
Information about possible fraud and corruption is
obtained from a wide range of sources. After assessing
the information received, IG/IN (working cooperatively
with colleagues at OLAF and/or the IFIs) may start an
administrative investigation, to detect fraud or other
misconduct.
If proof of misconduct is obtained, EIB can suspend
disbursements, seek repayment of the loan and pursue
other remedies as provided for in the finance contract.
Like the other IFIs and the European Commission,
EIB can also use its Exclusion Procedures to exclude
entities who have engaged in fraud or corruption from
receiving contracts in EIB-financed projects for a stated period of time or to make their continued participation subject to conditions. Disciplinary measures can
be imposed where EIB staff are found to have engaged
in misconduct.
If there is evidence of a potential criminal act, a referral
of the issue(s) identified is sent to the relevant national
law enforcement/judicial authorities. IG/IN can also
assist/contribute to investigations being carried out by
other agencies.
2 OLAF is the French acronym for “Office Européen de Lutte Anti-Fraude” or
European Anti-Fraud Office.
4. IG/IN and other IFIs
IG/IN plays a crucial role in preventing and detecting
fraud in the operations financed by EIB. As well as
with OLAF, it works in partnership with other investigation, integrity and compliance units from the other
IFIs to ensure that project integrity is dealt with as a
common denominator. Even if the suspicion of fraud
or corruption does not apply to a project financed by
EIB, the allegation will be passed to counterparts in
other funding institutions/IFIs.
5. WHICH allegations should be sent to IG/IN?
ou should contact IG/IN as soon as you become
Y
suspicious of any fraud, corruption or other irregularities affecting EIB-financed projects. EIB staff
is, under the Bank’s Code of Conduct, obliged
to report any suspicion of fraud ‘without delay’.
It is vital for IG/IN to receive this type of information
as soon as possible in order to decide an appropriate
course of action, including launching a full investigation and seeking remedial measures be put in place
to prevent similar problems in the future.
ou should contact IG/IN, for example, when you can
Y
provide relevant information on:
➜ A suspicion of irregularities during procurement
involving an EIB-financed project.
➜ A suspicion of bribe payments to officials on an
EIB-financed project or to EIB staff.
➜ A suspicion of irregularities in the execution of a
contract financed by the EIB (e.g. false invoices).
➜ A suspicion of illegal double funding (a project financed by the EIB, is also presented for
financing to another donor/IFI without the EIB’s
knowledge or agreement).
European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank
1. WHAT is IG/IN?
IG/IN is the acronym for the Inspector General’s Fraud
Investigations Division, an independent entity within
the European Investment Bank (EIB). EIB is the finan­
cing institution of the European Union, and is based
in Luxembourg. The EIB lends not only to private and
public borrowers within the EU Member States but
also, under a number of mandates, in many other parts
of the world.
IG/IN was created in 2004 to combat fraud and corruption affecting the EIB’s operations.
IG/IN’s Head of Division reports through the Inspector
General to the President of the EIB and simultaneously to
Senior Management, OLAF and the Audit Committee.
2. WHAT types of cases does IG/IN investigate?
IG/IN undertakes administrative, fact-finding investigations concerning
➜ Fraud
➜ Corruption
➜ Collusion
➜ Coercion
in EIB’s activities and operations as they are defined by
the International Financial Institution’s (IFI’s)1 Uniform
Framework Agreement (September 2006) and incorporated
into EIB’s Anti-Fraud Policy. IG/IN can also investigate
other illegal conduct affecting EIB’s operations (in particular money laundering or terrorist financing) or by
EIB staff.
1 IFI’s include the World Bank, Asian Development Bank, African Development
Bank, Inter-American Development Bank and the European Bank for Reconstruction and Development
IG/IN also assists OLAF2 and National Authorities in
their fight against fraud by means of deterrence and
prevention and therefore contributes to public trust in
the European project.
3. HOW does IG/IN work?
IG/IN is staffed by investigators, prosecutors and accountants experienced in domestic criminal matters and
administrative inquiries at international institutions.
Information about possible fraud and corruption is
obtained from a wide range of sources. After assessing
the information received, IG/IN (working cooperatively
with colleagues at OLAF and/or the IFIs) may start an
administrative investigation, to detect fraud or other
misconduct.
If proof of misconduct is obtained, EIB can suspend
disbursements, seek repayment of the loan and pursue
other remedies as provided for in the finance contract.
Like the other IFIs and the European Commission,
EIB can also use its Exclusion Procedures to exclude
entities who have engaged in fraud or corruption from
receiving contracts in EIB-financed projects for a stated period of time or to make their continued participation subject to conditions. Disciplinary measures can
be imposed where EIB staff are found to have engaged
in misconduct.
If there is evidence of a potential criminal act, a referral
of the issue(s) identified is sent to the relevant national
law enforcement/judicial authorities. IG/IN can also
assist/contribute to investigations being carried out by
other agencies.
2 OLAF is the French acronym for “Office Européen de Lutte Anti-Fraude” or
European Anti-Fraud Office.
4. IG/IN and other IFIs
IG/IN plays a crucial role in preventing and detecting
fraud in the operations financed by EIB. As well as
with OLAF, it works in partnership with other investigation, integrity and compliance units from the other
IFIs to ensure that project integrity is dealt with as a
common denominator. Even if the suspicion of fraud
or corruption does not apply to a project financed by
EIB, the allegation will be passed to counterparts in
other funding institutions/IFIs.
5. WHICH allegations should be sent to IG/IN?
ou should contact IG/IN as soon as you become
Y
suspicious of any fraud, corruption or other irregularities affecting EIB-financed projects. EIB staff
is, under the Bank’s Code of Conduct, obliged
to report any suspicion of fraud ‘without delay’.
It is vital for IG/IN to receive this type of information
as soon as possible in order to decide an appropriate
course of action, including launching a full investigation and seeking remedial measures be put in place
to prevent similar problems in the future.
ou should contact IG/IN, for example, when you can
Y
provide relevant information on:
➜ A suspicion of irregularities during procurement
involving an EIB-financed project.
➜ A suspicion of bribe payments to officials on an
EIB-financed project or to EIB staff.
➜ A suspicion of irregularities in the execution of a
contract financed by the EIB (e.g. false invoices).
➜ A suspicion of illegal double funding (a project financed by the EIB, is also presented for
financing to another donor/IFI without the EIB’s
knowledge or agreement).
European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank
1. WHAT is IG/IN?
IG/IN is the acronym for the Inspector General’s Fraud
Investigations Division, an independent entity within
the European Investment Bank (EIB). EIB is the finan­
cing institution of the European Union, and is based
in Luxembourg. The EIB lends not only to private and
public borrowers within the EU Member States but
also, under a number of mandates, in many other parts
of the world.
IG/IN was created in 2004 to combat fraud and corruption affecting the EIB’s operations.
IG/IN’s Head of Division reports through the Inspector
General to the President of the EIB and simultaneously to
Senior Management, OLAF and the Audit Committee.
2. WHAT types of cases does IG/IN investigate?
IG/IN undertakes administrative, fact-finding investigations concerning
➜ Fraud
➜ Corruption
➜ Collusion
➜ Coercion
in EIB’s activities and operations as they are defined by
the International Financial Institution’s (IFI’s)1 Uniform
Framework Agreement (September 2006) and incorporated
into EIB’s Anti-Fraud Policy. IG/IN can also investigate
other illegal conduct affecting EIB’s operations (in particular money laundering or terrorist financing) or by
EIB staff.
1 IFI’s include the World Bank, Asian Development Bank, African Development
Bank, Inter-American Development Bank and the European Bank for Reconstruction and Development
IG/IN also assists OLAF2 and National Authorities in
their fight against fraud by means of deterrence and
prevention and therefore contributes to public trust in
the European project.
3. HOW does IG/IN work?
IG/IN is staffed by investigators, prosecutors and accountants experienced in domestic criminal matters and
administrative inquiries at international institutions.
Information about possible fraud and corruption is
obtained from a wide range of sources. After assessing
the information received, IG/IN (working cooperatively
with colleagues at OLAF and/or the IFIs) may start an
administrative investigation, to detect fraud or other
misconduct.
If proof of misconduct is obtained, EIB can suspend
disbursements, seek repayment of the loan and pursue
other remedies as provided for in the finance contract.
Like the other IFIs and the European Commission,
EIB can also use its Exclusion Procedures to exclude
entities who have engaged in fraud or corruption from
receiving contracts in EIB-financed projects for a stated period of time or to make their continued participation subject to conditions. Disciplinary measures can
be imposed where EIB staff are found to have engaged
in misconduct.
If there is evidence of a potential criminal act, a referral
of the issue(s) identified is sent to the relevant national
law enforcement/judicial authorities. IG/IN can also
assist/contribute to investigations being carried out by
other agencies.
2 OLAF is the French acronym for “Office Européen de Lutte Anti-Fraude” or
European Anti-Fraud Office.
4. IG/IN and other IFIs
IG/IN plays a crucial role in preventing and detecting
fraud in the operations financed by EIB. As well as
with OLAF, it works in partnership with other investigation, integrity and compliance units from the other
IFIs to ensure that project integrity is dealt with as a
common denominator. Even if the suspicion of fraud
or corruption does not apply to a project financed by
EIB, the allegation will be passed to counterparts in
other funding institutions/IFIs.
5. WHICH allegations should be sent to IG/IN?
ou should contact IG/IN as soon as you become
Y
suspicious of any fraud, corruption or other irregularities affecting EIB-financed projects. EIB staff
is, under the Bank’s Code of Conduct, obliged
to report any suspicion of fraud ‘without delay’.
It is vital for IG/IN to receive this type of information
as soon as possible in order to decide an appropriate
course of action, including launching a full investigation and seeking remedial measures be put in place
to prevent similar problems in the future.
ou should contact IG/IN, for example, when you can
Y
provide relevant information on:
➜ A suspicion of irregularities during procurement
involving an EIB-financed project.
➜ A suspicion of bribe payments to officials on an
EIB-financed project or to EIB staff.
➜ A suspicion of irregularities in the execution of a
contract financed by the EIB (e.g. false invoices).
➜ A suspicion of illegal double funding (a project financed by the EIB, is also presented for
financing to another donor/IFI without the EIB’s
knowledge or agreement).
European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank
If no EIB funds are involved, please contact:
6. HOW do I contact IG/IN?
(a) the competent national authority in your
country in order to report:
By E-mail: investigations@eib.org
➜ Irregularities in public procurement involving
national funds;
➜ Corruption of an official whose work does not
involve EIB money;
By Fax: (+352) 43 79 64000
By Phone: (+352) 43 79 87441
By Post: 98-100, boulevard Konrad Adenauer
L-2950 Luxembourg
(b) OLAF to report:
IG/IN
➜ Irregularities involving EU funds; and/or
OLAF
(c) the relevant investigation function of the IFI
(e.g. World Bank, Inter-American Development Bank,
Asian Development Bank, African Development
Bank or European Bank for Reconstruction and
Development) to report:
➜ A suspicion of irregularities during procurement
involving an IFI-financed project.
➜ A suspicion of bribe payments to officials on an
IFI-financed project or to IFI staff.
➜ A suspicion of irregularities in the execution of a
contract financed by the IFI (e.g. false invoices).
➜ A suspicion of illegal double funding (a project
financed by an IFI is also presented for financing
to another donor/IFI).
Fraud Investigations Division (IG/IN)
Combatting Fraud and
Corruption in EIB’s
Operations
98-100, boulevard Konrad Adenauer
L-2950 Luxembourg
3 (+352) 43 79 – 1
5 (+352) 43 77 04
www.eib.org - U info@eib.org
© E I B – 1 0 / 2 0 1 1 © E I B G r a p h i c Te a m
European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank
If no EIB funds are involved, please contact:
6. HOW do I contact IG/IN?
(a) the competent national authority in your
country in order to report:
By E-mail: investigations@eib.org
➜ Irregularities in public procurement involving
national funds;
➜ Corruption of an official whose work does not
involve EIB money;
By Fax: (+352) 43 79 64000
By Phone: (+352) 43 79 87441
By Post: 98-100, boulevard Konrad Adenauer
L-2950 Luxembourg
(b) OLAF to report:
IG/IN
➜ Irregularities involving EU funds; and/or
OLAF
(c) the relevant investigation function of the IFI
(e.g. World Bank, Inter-American Development Bank,
Asian Development Bank, African Development
Bank or European Bank for Reconstruction and
Development) to report:
➜ A suspicion of irregularities during procurement
involving an IFI-financed project.
➜ A suspicion of bribe payments to officials on an
IFI-financed project or to IFI staff.
➜ A suspicion of irregularities in the execution of a
contract financed by the IFI (e.g. false invoices).
➜ A suspicion of illegal double funding (a project
financed by an IFI is also presented for financing
to another donor/IFI).
Fraud Investigations Division (IG/IN)
Combatting Fraud and
Corruption in EIB’s
Operations
98-100, boulevard Konrad Adenauer
L-2950 Luxembourg
3 (+352) 43 79 – 1
5 (+352) 43 77 04
www.eib.org - U info@eib.org
© E I B – 1 0 / 2 0 1 1 © E I B G r a p h i c Te a m