Published: 2022
Total Pages: 0
Get eBook
The EIB reports annually on its investigation activities, along with some of the lessons learnt from investigations and other work undertaken in fighting against fraud, corruption and other forms of prohibited conduct. As in previous years, the report covers actual types of cases reported to and investigated by the IG/IN. The European Investment Bank Group's 2021 Investigations Activity Report details the work conducted by the Inspectorate General's Investigations Division (IG/IN) in 2021. The EIB reports annually on its investigation activities, along with some of the lessons learnt from investigations and other work undertaken in fighting against fraud, corruption and other forms of prohibited conduct. As in previous years, the report covers actual types of cases reported to and investigated by the IG/IN. IG/IN's mandate also includes important work on policy, prevention, exclusion and awareness-raising, internally and externally. The EIB has industry-leading prevention and detection tools, including comprehensive fraud-risk scoring for all active projects financed by the EIB, as part of the Bank's systematic fraud-risk-assessment process. The report provides details of compulsory fraud awareness training for staff and showing them what fraud looks like to mitigate risk. Highlights in 2021 include the new EIB Group Anti-Fraud Policy; the investigation of a higher number of procurement related misconduct cases in 2021 than in previous years; the negotiation of a settlement with Alstom; the completion of three Proactive Integrity Reviews on multi-beneficiary intermediated loans with recommendations made to services as well as progress in the implementation of the proactive review methodology in the EIF; and services on anti-fraud provisions applicable to different products and mandates in the framework of the Covid-19 response.