Fraudsters claim to be EIB employees, watchdog warns


Fraudsters claim to be EIB employees, watchdog warns


Potential investors contacted by people trying to pose as European Investment Bank staff

Potential investors contacted by people trying to pose as European Investment Bank staff

The headquarters of the EIB in the Kirchberg in Luxembourg

Photo credit: Marc Wilwert

Fraudsters have contacted potential investors falsely claiming to be employees of the European Investment Bank and misusing the institution’s name and logo, Luxembourg’s financial regulator warned on Thursday.

The CSSF has issued a warning for “fraudulent activities” after strangers presented themselves as staff of the EU lender. Their emails come from a fake address which they claim is located in one of the bank’s premises in the Luxembourg capital’s Kirchberg district, the CSSF said in a press release.

The EIB is the bank of the European Union and lends around 65 billion euros each year to countries on all continents for projects. More than 3,000 people work for the European institution headquartered in Luxembourg.

Fraudsters contact potential investors from an email address in the format [email protected], specifies the CSSF. The EIB is not tied to fraudsters, the watchdog added.

The EIB came under intense scrutiny earlier this year when a group of EU lawmakers visited the bank to discuss a toxic working atmosphere and mental health issues at the lender. EU. These personnel issues are normally not on the agenda of delegations visiting EU institutions.

In recent years, a series of staffing issues at the EU bank have come to light in the media. The institution sent a mental health survey to all of its staff last year, after a woman fell to her death at EIB headquarters and eight years after a trainee committed suicide on the premises.

The bank’s top executives will now have to wait twice as long before they can start new jobs linked to their role at the EIB, after MEPs pressured the lender to toughen its rules to cut costs. suspected conflicts of interest. the bank’s most senior executives had taken jobs in private companies to which they granted loans almost immediately after leaving the EIB despite a mandatory cooling-off period.

The latest executive decision came earlier this month when the Luxembourg time reported Alain Godard, the chief executive of the European Investment Fund (EIF) – which operates as the bank’s venture capital arm – will step down by the end of the year.

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