Should I Feel Sick With Herpes Outbreaks?

truth about the global crisis

Following my prev. comments on EBRD (March 4, 2010 (
http://leyla_lit.livejournal.com/20714.html
) and corruption within this structure, perhaps could be good to refer also to the recent events.But the full information will be available only to the investigators. Thus no need for speculations. It is very interesting, why in the case announced March 4,2010 the Bank did not name "the high -ranking banker" who was suspected in criminal activities, but in the recent case announced the name of the person who over 5 years held the most respectable position of Director of the largest post-communist country +two other countries. In my previous comments dated March 4, 2010 (
http://leyla_lit.livejournal.com/20714.html
) I raised reasonable questions:

1."The high ranking banker is suspected for criminal activities on a number of projects in Eastern Europe." Why only now the bank discovers criminal activities of its employee? And how the banker could get a high rank? 2. What about those who managed him and those who were working under his management? Aren’t they corrupted as well? 3. Why the bank did not apply disciplinary actions but applied to the police and published the case?
4. What is the probability of uniqueness of this case?

One, who ever got credit from the EBRD knows that the process is complicated and any investment project passes through complicated procedure of due diligence, fin.reports analysis, environmental checking, compliance department checking (as in any other bank) and etc. Board of Directors approves the projects based on the reports and models that the credit-officers prepare.These reports are passing through the regional Head of office, risk committee and etc. Large number of people is always involved in every project.

How large is the real picture if the Director is blamed in corruption and the President of the Bank has to confirm the information???

Maybe it is also good to watch to the countries where the credit activity of the Bank is booming, just in order to prevent future announcements of cases of "violations of code of conduct"?


Links to some other interesting publications:



http://www.globalpost.com/webblog/russia-and-its-neighbors/lemming-or-scapegoat-%E2%80%93-sunrise-corruption-the-ebrd%E2%80%99s-russian-dealin


http://www.kommersant.ru/doc.aspx?DocsID=1569856

http://www.crudeaccountability.org/en/index.php?page=correspondence-with-the-ebrd