How the European Investment Bank (EIB) handled the move of a former Vice-President to an energy utilities company that had received EIB loans
Case 1016/2021/KR - Opened on Wednesday | 23 June 2021 - Institution concerned European Investment Bank
The complainants submitted a complaint about how the European Investment Bank (EIB) handled the application by a former vice-president to take up a position in an energy and utilities company within three months of leaving office. The company in question is a beneficiary of EIB loans. The complainants raised concerns about risks of conflicts of interest, and the measures proposed by the EIB to mitigate these risks.
The Ombudsman opened an inquiry and sought to inspect documents concerning the EIB's decision to approve the move, as well as other documents concerning the loans in question and the activities of the vice-president. The Ombudsman also asked the EIB to reply to a number of questions.