12 CFR 367.8 – Causes for suspension
(a) Suspension may be imposed under the procedures set forth in this section upon adequate evidence:
Terms Used In 12 CFR 367.8
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
(1) Of suspension by another federal agency;
(2) That a cause for exclusion under § 367.6 may exist;
(3) Of the commission of any other offense indicating a breach of trust, dishonesty, or lack of integrity that seriously and directly affects the minimum ethical standards required of an FDIC contractor; or
(4) Of any other cause so serious or compelling in nature that it adversely affects the ability of a contractor to meet the minimal ethical standards required by 12 CFR part 366.
(b) Indictment for any offense described in § 367.6 is adequate evidence to suspend a contractor.
(c) In assessing the adequacy of the evidence, FDIC will consider how much information is available, how credible it is given the circumstances, whether or not important allegations are corroborated and what inferences can reasonably be drawn as a result.