IMF READY TO HELP MOLDOVA IN INVESTIGATING BANK FRAUD

The International Monetary Fund will be providing support to the National Anti-Corruption Center (NACC) in investigating the one-billion-dollar bank fraud, as well as in identifying and returning the stolen funds. This topic was discussed at the Thursday’s meeting of Head of the IMF Representation in Moldova Volodymyr Tulin and NACC Director Ruslan Flocea.

According to the NACC press release, the meeting was also attended by a representative of the Moldova’s Criminal Assets Recovery Agency (ARBI).

In Tulin’s words, the NACC lately demonstrates a tangible progress in investigating the bank fraud, while the ARBI’s actions are going right way.

The IMF representative stressed that his organization will provide all-sided support to the NACC within its competence for identifying and returning the stolen funds. He recommended the NACC and its divisions to monitor the situation in the country’s banking system to prevent recurrence of such crimes.

According to Tulin, the NACC has to focus on cooperation with institutions, responsible for fiscal, financial and bank operations to ensure maximum transparency of their activity.

Flocea maintains that today Moldova is going through difficult times and the IMF’s support is necessary as never before.

The ARBI informed on Wednesday that sequester was imposed on property totaling 364 million lei. Among the valuables there are 11 luxury cars, which belonged to companies involved in illegal operations.