Former Moldovan MP to be trialed for money laundering in bank fraud case

Chisinau, 01 August /MOLDPRES/ – A former member of the parliament will be trialed for money laundering in the file of fraud at Banca de Economii (BEM), Banca Sociala and Unibank. Prosecutors finalized their criminal prosecution and sent the criminal case to court, today.

According to the General Prosecutor's public communication service, the ex-MP, being the manager and the actual beneficiary of Toast Delux SRL and IPA International Project Agency, together with intercepted persons, would have done money laundering in particularly large proportions.

According to prosecutors, several offshore companies transferred to the non-resident IPA International Project Agency, with open accounts in Liechtenstein, $440 thousand between 2012 and 2014. Analyzing the money trajectory, it was found that they were derived from bad loans, taken away at that time from BEM, Unibank and the Social Bank through offshore companies.

Also, in 2013, Toast Delux SRL, the beneficiary of which is the former MP, would have obtained from Unibank another non-pledged loan worth MDL 5 million. Subsequently, the money was converted and transferred to a non-resident company. Eventually, $401,650 reaches the Rouseau Alliance LP accounts, which in turn transferred that money to Banca de Economii, aiming at divestiture of non-performing loans.

Similarly, the former deputy is also being investigated for violating the legal status of wealth declaration, on the grounds that he declared himself in possession of the Toast Delux SRL and IPA International Project Agency, which he allegedly was involved in bank fraud, and for not declaring the amounts of money earned on their bank accounts that were used for personal purposes to pay for their children's studies abroad.

If found guilty, the former MP may face up to 10 years in prison.

(Reporter A. Ciobanu, Editor A. Raileanu)