{"id":2627,"date":"2020-02-10T16:50:28","date_gmt":"2020-02-10T14:50:28","guid":{"rendered":"http:\/\/zdg.md\/eng\/?p=2627"},"modified":"2020-06-29T08:16:08","modified_gmt":"2020-06-29T05:16:08","slug":"how-the-money-from-the-stolen-billion-cases-is-not-recovered-%ef%bb%bf","status":"publish","type":"post","link":"https:\/\/www.zdg.md\/en\/how-the-money-from-the-stolen-billion-cases-is-not-recovered-%ef%bb%bf\/","title":{"rendered":"The Status of Recovering Assets from Cases Connected to the Stolen Billion"},"content":{"rendered":"\n

Former Prime Minister Vlad Filat, his wedding godfather Ion Rusu, as well as Veaceslav Platon, former deputy, and businessman, were convicted by the court in the billion cases. The decisions were supported by the final judgments of the Supreme Court of Justice. <\/strong><\/p>\n\n\n\n

The judges not only imposed prison terms but also ordered to reclaim from the three of them around \u20ac73.2 million (1.4 billion lei). However, no assets from Filat and Rusu, who in the meantime were released from prison, were confiscated.  <\/strong><\/p>\n\n\n\n

As for Platon\u2019s case, even though the amount ordered by the courts was collected, the case is still pending and the state faces the risk of having to pay hundreds of millions lei as damages.<\/strong>
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Other cases, featuring widely known names such as those of Ilan Shor, Chiril Lucinschi or Grigore Gacikevici, have been pending for years in ordinary courts or in courts of appeal, with no enforcement sentences being passed; subsequently, the state cannot claim any damages.<\/strong> <\/p>\n\n\n\n

ZdG analyzed all the cases identifying how much did the state manage to recover from the previously seized assets.
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Caravita case<\/strong><\/h3>\n\n\n\n

In November 2015, Ion Rusu, former Prime Minister Vlad Filat\u2019s wedding godfather, was sentenced to five years in prison for money laundering. According to the same sentence, Caravita Co and Business Estate Investments, companies managed by Ion Rusu were confiscated. Following the confiscation, Banca de Economii had to receive 2.79 million euros, money collected by the state from selling the two companies. At the same time, the judges disposed to liquidate the company Caravita Co.
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Ion Rusu<\/figcaption><\/figure><\/div>\n\n\n\n

Later on, the Supreme Court of Justice reduced the prison sentence to three years and four months, but the amount of money to be collected for Banca de Economii remained the same. The seizure was applied to all the assets belonging to the two companies managed by Rusu, which later were to be sold to recover the damage caused to Banca de Economii.
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Ion Rusu served his sentence and over a year ago was released from prison. And although almost four years have passed since the Chi\u0219in\u0103u Court of Appeal issued the enforcement decision the damage to Banca de Economii has not been collected. <\/p>\n\n\n\n

The Caravita Co goods were put up for sale by auctions as late as in August 2018 and the process is infinitely delayed. This creates delays in collecting the money for Banca de Economii and diminishes the value of these goods. Subsequently, the state will collect less money from its sale.
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