In accordance with the EIB Anti-Fraud Policy, the European Investment Bank has concluded a negotiated settlement with Mr F. Prior Sanz and his companies FIR Advisors S.L. and Squatina Business Inc., addressing past violations of the EIB Anti-Fraud Policy in connection with technical advisory services relating to studies of mobile financial services.

Mr Prior Sanz, FIR Advisors S.L., Squatina Business Inc. and any other companies or entities owned or controlled formally or informally by Mr Prior Sanz shall not participate in any project financed in whole or in part by the EIB, or managed by the EIB on behalf of third parties, whether as a tenderer, candidate, contractor, consortium member, sub-contractor, supplier, consultant, grant or financing beneficiary or otherwise, for a period of three years. Mr Prior Sanz will assist the EIB in its efforts to investigate other cases of alleged prohibited conduct in EIB-financed projects.