06 february

Criminal case against savings bank officials transferred to court

The Prosecutor sent the criminal case against five members of Credit Committee of Banca de Economii (BEM) to the Sectorul Buiucani Court of Chisinau.

The press service of Prosecutor General’s Office said that in 2010-2011, violating the crediting rules, these people gave loans totaling 109 million lei to economic agents. The investigation considers these actions as illegal namely as a particularly grave embezzlement, according to the Criminal Code in force.

The National Anticorruption Center (NAC) and the Prosecutor General’s Office continue to investigate several other cases of abuse of powers by former BEM managers.

Infotag’s dossier: In 2010-2011, several loud scandals broke our around Banca de Economii – the only bank, where the state had a controlling parcel. The law enforcement claimed that a part of new shareholders, registered in offshore zones, tried to withdraw funds from the country, but members of the Credit Committee were found to have engaged obviously irrecoverable loans on big amounts. As a result, at the beginning of 2013, to stabilize the situation, the bank required a capital increase by 700 million lei. Last summer, the bank announced an additional issue of 80.2 million lei, which the authorities refused to participate in. Consequently, the state’s share decreased down to 33.38% from the previous 52%. Thanks to that issue, Sisteme Internationale Integrale, a private Russian company, became the second-largest majority shareholder – with 33.73%.