UK: EBRD Under the Bribery Spotlight
There have been two recent developments in relation to the investigations being undertaken by the City of London Police into potential bribery issues at the European Bank for Reconstruction and Development (EBRD).
A former banker at the EBRD, Andrey Ryjenko, has recently been charged with accepting bribes and money laundering offences in excess of $3m. He has been accused of accepting bribes between 2007 and 2010 and the case is due to come to trial in November this year.
In an entirely separate investigation the police have recently arrested five people on suspicion of bribery relating to EBRD business. No further details are currently available.