​BEM EX-CHAIRMAN DETAINED FOR 72 HRS ON NEW CRIMINAL CASE

Prosecutors detained former Chairman of the Banca de Economii Administrative Board Grigore Gacichevici for 72 hrs within the investigation of a new criminal case on embezzlement of funds from the bank.

According to the National Anti-Corruption Center (NACC) press release, the head of the bank, liquidated last year, is suspected of violating the crediting rules in the period he headed the financial institution. According to the message, Gacichevici sanctioned the providing of a credit worth 1.7 million euros to an economic agent with tough violations. If the banker is declared guilty, he risks getting up to 7 years.

The NACC reminded that Gacichevici, together with a number of other BEM top officials is already on the dock on another criminal case for causing serious damage to the bank. Among the accused there are also former head of the bank Security Service, ex-head of the legal department. The case was submitted to court back in April 2013.

Gacichevici had headed BEM in 2004-2012. He was detained in May 2016 for issuing dubious credits to three economic agents, represented by entrepreneur Ivan Tomaily. Several months after the detention, Gacichevici was transferred under house arrest. Lately, he is being brought to court under escort.