Mongolia, Nov. 27 -- The European Bank for Reconstruction and Development (EBRD) has announced a 4.5-year debarment of two Max Group entities, Max Impex LLC (Max Impex) and Khan Altai Resource LLC (Khan Altai), and 22 affiliates in connection with a corrupt practice in an EBRD-financed project.The project involves the provision of a senior loan by the EBRD to Khan Altai to finance the purchase of mining equipment in southwestern Mongolia.An investigation by the EBRD's Office of the Chief Compliance Officer (OCCO) found that in relation to the project and potential further financing by the EBRD, Max Impex and Khan Altai made improper payments to EBRD staff members aimed at influencing their actions. The EBRD staff members demonstrated integr...