PROSECUTORS SUBMIT NEW CASE ON BANK FRAUD TO COURT

The Anticorruption Prosecution Service directed a new, the 12th criminal case on withdrawing of money from the Banca de Economii on Friday.

According to the Prosecutor General's Office (PGO), the case was initiated against five members of the bank credit committee, including its former chairman, who issued unrecoverable credits totaling almost 2.2 billion lei to 52 economic agents within the period of 2007 through 2012. This caused especially large damage to the financial institution.

According to the legislation, the credit committee was obliged to intervene and stop the issuing of credits with immediate recovery of the provided financial means, but defendants did not take any actions in this direction.

Ex-chairman of the BEM credit committee pleaded guilty.

In total, the Anticorruption Prosecution Service directed to court 14 criminal cases on accusation of several episodes on getting credits. Currently, the former chairman of the BEM credit committee is in detention, while his accomplices were left at large for the period of investigation.

For reparation of damages, caused to the Banca de Economii, several arrests were imposed, including on the property of the accused. They face fine or up to 7 years with the deprivation of the right to occupy certain posts or engage in certain activities for a period of up to 5 years.

Criminal prosecution on other episodes that concern the providing of unrecoverable credits from BEM continues.