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Europe Daily Bulletin No. 7637

20 January 2000
GENERAL NEWS / (eu) eu/eib
EIB rejects accusations of fraud and irregularities levelled by one of its former employees

Luxembourg, 19/01/2000 (Agence Europe) - The European Investment Bank "categorically denies the allegations made by a former employee, Mr. Carlo De Nicola concerning fraud and significant losses in the Bank's treasury management between 1991 and 1994" (see EUROPE of 17/18 January, pp.14/15). In addition, despite the Commission's appeal against the EIB regarding Olaf, EIB/Commission cooperation is continuing as usual (see next article).

The press service of the European Investment Bank...

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