CRIMINAL CASE AGAINST FOUR UNIBANK MANAGERS SUBMITTED TO COURT

Prosecutors submitted to court the criminal case against four senior managers of the commercial Unibank of Moldova.

According to the Anti-Corruption Prosecution Service, it is about former President, Vice President, as well as heads of legal and financial departments of the bank.

According to the investigation, being members of the bank Credit Committee in 2013-2014, they issued four credits totaling US$16 million and 15 million euros to an economic agent in violation of internal regulations and normative acts of the National Bank of Moldova. The loan has not been repaid so far.

The economic entity - beneficiary of credits, was founded by a Russian citizen, who has never crossed the Moldovan border. He acted in cahoots with Moldovan citizens who organized the receiving of a letter of attorney in the name of one more Moldovan citizen on registering a company - credit beneficiary. It was registered a day before getting of the first credit worth US$8 million in Unibank.

The four officials' immoveable property and their cars were arrested. They are accused on the Criminal Code article #239 "Violation of Crediting Rules", which is punishable with up to 7 years.

Criminal case against the Russian citizen, on whose name the credit agreements were registered, as well as against a number of fraud accomplices, was separated into an independent investigation.