Moldova: Company admin jailed for bank fraud
A company administrator was sentenced to 11 years in prison for defrauding Banca de Economii of approximately 3.5 million lei.
The investigation revealed that in 2011, while serving as a company manager, the defendant exploited his position to convince several individuals to take out bank loans in their names, promising them various benefits, including apartments. These individuals were not eligible for these loans on their own merit, but under the manager's influence, they signed fraudulent documents.
To secure these loans, the defendant forged documents, including salary certificates, which falsely inflated the incomes of the individuals involved. As a result, they were able to obtain mortgage loans totaling approximately 3.5 million lei.
Subsequently, the funds from these loans were diverted to the accounts of the company's director, who then benefited from substantial sums.
The Chișinău Court, Buiucani District, found the defendant guilty of fraud and sentenced him to 11 years imprisonment in a closed-security prison. The court also barred him from holding an administrative position for five years.
The defendant's pre-trial detention, ordered by the Chișinău Court, Ciocana District, on August 8, 2023, was maintained until the sentence became final.
Furthermore, the civil lawsuit filed by Banca de Economii SA was granted, and the court ordered the recovery of approximately 4.7 million lei from the defendant's account.
The sentence is subject to appeal to the Chișinău Court of Appeal within 15 days.
Translation by Iurie Tataru
