New Accusation in the Billion-Dollar Bank Fraud

New Accusation in the Billion-Dollar Bank Fraud
Photo: bloguvern.md
by
24 March 2021 | 15:38

A new accusation for the former interim president of the Banca de Economii, Viorel Bârca, whose case was sent to court on March 15 for embezzlement of foreign assets in particularly large proportions in the billion-dollar bank fraud.

According to authorities, prosecutors have gathered evidence that in November 2014, Viorel Bârca along with a head of the National Bank, former special administrator of the Banca de Economii “acting jointly with other members of the criminal organization, allegedly stole 10 million US dollars and 8 million euros from interbank investments granted by Moldindconbank and Moldova Agroindbank to the Banca de Economii.”

According to the prosecutor’s note, the two do not admit their guilt.

In order to recover the damage caused by the commission of the crime, the prosecutors instituted seizures on five real estates of the defendants for the benefit of the state.

The former President of Banca de Economii bank was detained at the beginning of December 2020, together with five other people, including the former leaders of the three bankrupt banks (Banca de Economii, Unibank and Banca Sociala), but also representatives of the Shor holding company. Since then, the defendant has been under house arrest.

The current Head of the National Bank was detained on March 11 and subsequently placed in arrest. He is currently investigated for abuse of office in the management of bank guarantees granted by National Bank to the financial institutions Banca de Economii, Unibank, and Banca Sociala.

AUTHOR MAIL eng.zdg@gmail.com

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