Overview
The EBRD prohibits corrupt, fraudulent, coercive, collusive, obstructive practices, theft and misuse of EBRD’s resources or EBRD’s assets ("Prohibited Practices") in relation to its projects and activities. The EBRD’s Enforcement Policy and Procedures set forth the policy and procedures for the sanctioning of Prohibited Practices suspected or detected to have occurred in projects financed from the EBRD’s ordinary capital resources, special funds resources or cooperation funds administered by the EBRD.
The EBRD’s enforcement proceedings follow a two-stage decision-making process, described in more detail in the Note on EBRD’s Enforcement Processes, including Settlement Agreements. The Enforcement Commissioner is the first tier of the EBRD’s two-tier enforcement process and has a number of roles as set forth in the Enforcement Policy and Procedures, including:
-
to make a determination to impose sanctions for Prohibited Practices, based on the results of EBRD’s own investigation of an alleged prohibited practice;
-
to make a determination to impose sanctions for Prohibited Practices, based on a third party’s finding as to the occurrence of a prohibited practice;
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to make a determination to impose sanctions following upon a debarment made by parties to the Agreement for Mutual Enforcement of Debarment Decisions;
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to approve settlements, in consultation with EBRD’s General Counsel; and
- to suspend eligibility to become an EBRD counterparty.
The decisions of the Enforcement Commissioner under the first two bullets above may be appealed to the Enforcement Committee.
Public Notice of Attempts by the Enforcement Commissioner to Locate Certain Firms and Individuals
In order to deliver certain notices, the Enforcement Commissioner is attempting to locate the firm(s) and/or individual(s) listed in the table below.
Table
|
No. |
Name |
Address |
Last day of 45 day period (DD/MM/YYYY) * |
|
EC 086-2022 |
Mr. Farkhad Akhmedzhanovich Amraev |
Currently Unknown. |
14/08/2023 |
| EC 086.01-2022 | Mr. Rabin Akhmedzhanovich Amraev |
Currently Unknown. |
14/08/2023 |
| EC 086.02-2022 | A3 Commerce LLP |
Currently Unknown. Previously:- Office 305, No. 56A, Samal-2 District, Almaty 050051, Kazakhstan |
14/08/2023 |
| EC 086.03-2022 |
Altocom Asia LLP
|
Currently Unknown. Previously:- 4th floor, No. 56A, Samal-2 District, Almaty 050059, Kazakhstan |
14/08/2023 |
More information, as well as copies of the relevant notices, can be obtained by contacting the Enforcement Commissioner by mail, telephone, e-mail or fax to provide the necessary address particulars to permit a successful delivery. The contact details for the Enforcement Commissioner are as follows:
Paul Kearney
Chief Counsel & Enforcement Commissioner
European Bank for Reconstruction and Development
Five Bank Street
London
E14 4BG
England
Phone: + 44 (0) 207 338 6184
E-mail: kearneyp@ebrd.com
* The name of any firm(s) and/or individual(s) listed in the table above is posted for a forty-five day period expiring on the last day of the period which is specified in the table. Any of any firm(s) and/or individual(s) listed in the table above will be deemed to have constructive notice of the contents of the applicable notice on the last day of the applicable 45 day period, unless actual delivery of such notice is accomplished before that date.
Constructive Notice under the Enforcement Policy and Procedures
For more information on constructive notice under the Enforcement Policy and Procedures, see the Procedure on Constructive Notice under the EPPs.
