PROMINENT MOLDOVAN BUSINESSMAN ILAN SHOR SENTENCED TO 7.5 YEARS IN JAIL, BUT VERDICT IS NOT YET IN FORCE

Prominent Moldovan man of business and the Mayor of Orhei town Ilan Shor has been sentenced to 7.5 years to be served in a usual-regime jail, as per the judgment made on Wednesday by the Court of Chisinau, which pleaded Shor guilty of his involvement in the embezzlement of approximately US$400 million equivalent from three Moldovan banks.

The verdict will come into force only after a final judicial judgment, i.e. after the decision of a higher judiciary instance – the Chisinau Appeals Court. The statement of verdict motivation will be made only on July 17, after which the sides concerned will be eligible to challenge the lower court’s judgment with the CAC. Details will follow in Infotag’s news bulletin tomorrow.