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Investigation launched against EBRD head Chakrabarti, - Reuters

The reason is possible collection of personal data of shareholders
17:33, 6 October 2018

ebrd.com

An investigation started against Suma Chakrabarti, the head of the European Bank for Reconstruction and Development (EBRD). The official is a suspect in possible collection of shareholders' personal data. Reuters reported this, citing several sources at the EBRD.

As noted, on May 29, several shareholders of the EBRD sent a letter to the head of the banking supervision department demanding an investigation regarding the Head of the Bank.

'It seems that the president and members of the executive committee have introduced a repeated practice of collecting confidential and personal information about members of the board of directors ... We urge you to initiate the procedure in connection with the alleged inappropriate behavior of the head of the EBRD,' said in the document.

At the same time, it is indicated that the corresponding complaint was anonymously signed by 'a number of interested members of the board of directors and shareholders.'

As Reuters was assured by its sources at the EBRD, an external investigation against Chakrabarti has been launched since that moment.

The head of the EBRD declined to comment on this information.

The press service of the financial institution added that the EBRD will never comment on alleged data breaches. 'This should not be taken as a confirmation or denial of the presence of any documents or requests,' they stressed.

The EBRD Board of Governors elected Summa Chakrabarti to the position of President of the Bank for a four-year term in July 2012, and in May 2016 he was re-elected for a second four-year term.

Earlier, Chakrabarti declared that the EBRD would support reforms in Ukraine.

Related: Russia not yet provided information on Balukh's health, - Ukraine's ombudswoman

Related: Ukraine's Parliament Chairman to sign decree on sanctions against 112 Ukraine and NewsOne

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