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Counter Balance Profile picture
Counter Balance
@Counter_Balance
A coalition of European NGOs challenging public banks like #EIB on #climate #humanrights #transparency Our current challenge: a #FossilFreeEIB ! 🌍
Feb 15, 2023 • 14 tweets • 8 min read
🚨BREAKING🚨: @Counter_Balance and Corner House investigation reveals how @EIB failed to act on blatant fraud and corruption within a multi-million Euro investment it made in a private equity fund.

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ft.com/content/cdda49… Executives appointed by ECP Africa Fund II waved through suspicious payments by Spencon - a construction company which the fund took over after receiving €38 million from the @EIB. 2/14
ft.com/content/cdda49…