Search
Search
Who we are
Overview: about the EBRDWho we are
Overview: about the EBRD
Our story
Learn about the EBRD's journey to investing more than €220 billion in over 7,800 projects.
- Our background and history
- Our organisation
- Our values
- Strategies, governance and compliance
- Project accountability
What we do
Overview: how the EBRD operatesWhat we do
Overview: how the EBRD operates
How we deliver systemic impact
Across three continents, the EBRD supports the transition to successful market economies.
- Where we work
- Products and services
- Sectors we work in
- Our projects
- Focus areas and initiatives
- Economic research
Work with us
Overview: how you can work with the EBRDWork with us
Overview: how you can work with the EBRD
What we offer for businesses
We draw on three decades of regional knowledge and financial expertise to tailor our products and approaches to each client's needs.
- Businesses
- Investors
- Donors
- Researchers
- Civil Society
- Alumni
- Nominee Directors
- Trade finance
- Careers
Light
Eng
Eng
EBRD sanctions individual for fraudulent practice
Author: EBRD Press Office
- EBRD and Denis Bejan reach settlement regarding fraud in EBRD-financed project
- Sanction consists of an 18-month debarment
- Settlement reduces debarment period due to Denis Bejan’s cooperation and admission of culpability
The European Bank for Reconstruction and Development (EBRD) has announced an 18-month debarment of Denis Bejan, a Moldovan national, in connection with a fraudulent practice relating to the Reform Support Teams programme in Moldova. The programme aims to strengthen Moldova’s capacity to design, implement and manage effective reforms by embedding Moldovan experts in key government institutions.
While being married to a professional staff member at Moldova’s Ministry of Economic Development and Digitalisation, Mr Bejan was hired as a growth plan expert to provide technical assistance to the same ministry under the programme. An investigation by the EBRD’s Office of the Chief Compliance Officer (OCCO) found that Mr Bejan had engaged in a fraudulent practice by omitting to disclose this conflict of interest during both the selection process and the execution of the consultancy services contract.
The sanction consists of an 18-month debarment period, during which Mr Bejan and any entity controlled by him will be ineligible to participate in projects and operations financed by the EBRD.
The debarment is part of a settlement agreement, which provides for a reduced sanction in light of Mr Bejan’s admission of culpability and his cooperation with the investigation.
This debarment also qualifies for cross-debarment by other multilateral development banks under the Agreement for Mutual Enforcement of Debarment Decisions signed on 9 April 2010.
About OCCO
OCCO plays a central role in the EBRD’s commitment to integrity through its mandate to investigate prohibited practices in EBRD-financed projects. More information on OCCO’s broader mandate and the EBRD’s sanctions system are available on our website.