--- title: "Moldovan MP’s farm assets seized over €890,000 debt " url: https://moldova1.md/p/90040/moldovan-mp-s-farm-assets-seized-over-890-000-debt published: 2026-11-11T16:24:00Z language: en author: "Dumitru Petruleac" section: "Justice" source: moldova1.md --- # Moldovan MP’s farm assets seized over €890,000 debt > The Central Court of Appeal has ordered the freezing of assets and bank accounts belonging to MP Sergiu Stefanco and his farm business in a loan dispute involving nearly €1 million. ![](https://storage.moldova1.md/images/81d2cbe8-9aba-42ca-a40b-5d9770b0fcfc.jpg) The Central Court of Appeal has ordered the freezing of assets and bank accounts belonging to MP Sergiu Stefanco and his farm business in a loan dispute involving nearly €1 million. **Court orders asset freeze over outstanding loans** The court partially upheld the lender's application, ordering the seizure of assets and bank accounts belonging to the farm business and the MP, who personally guaranteed the loans, up to €890,000 (approximately 17.91 million MDL). Stefanco, a member of the Democracy at Home Party, is trying to negotiate a settlement to prevent the agricultural business from becoming insolvent. According to an investigation by Rise.md, the Stefanco Sergiu Sergiu farm business, based in the village of Ucrainca, Căușeni district, took out a loan of €844,000 (17 million MDL) in May 2022, repayable by May 2029. It subsequently borrowed a further €149,000 (approximately 3 million MDL). The lender says the business failed to meet its contractual obligations. In October 2025, it demanded repayment of the outstanding amounts from both the farm business and Stefanco, in his capacity as guarantor. In January 2026, the lender filed a lawsuit seeking to recover more than €974,000 (19.6 million MDL). Initially, the Căușeni District Court rejected the request to freeze the assets, ruling that insufficient evidence had been presented to establish a risk that they could be transferred or sold. The court also argued that freezing the bank accounts could disrupt agricultural operations and undermine the business's ability to generate income to repay its debts. The decision was challenged, and the Central Court of Appeal partially upheld the lender's application. The asset freeze is a temporary measure and does not constitute a final ruling confirming the debt. The underlying dispute will be examined separately. **Stefanco seeks mediation to avoid insolvency** Contacted by Rise.md, Sergiu Stefanco confirmed the existence of the debt and the court proceedings. He said the parties had turned to mediation in an attempt to reach an agreement and prevent the farm business from becoming insolvent. *“We hope it will be resolved and the restriction lifted... That's what happens when you try to do business in the Republic of Moldova,”* the MP said. According to Stefanco, this year's harvest could help repay the loans. He warned that, without an agreement, the business could face insolvency proceedings, under which a longer-term repayment schedule would be established. **Statul – dator deputatului Stefanco** Rapoartele financiare arată că, în 2025, gospodăria agricolă a raportat venituri din vânzări de 9.5 milioane lei și pierderi de peste cinci milioane de lei. La finele anului trecut, gospodăria deținea active de circa 26 de milioane de lei, inclusiv terenuri, estimate la 20.5 milioane de lei, mașini și utilaje, în valoare de circa trei milioane lei. Totodată, întreprinderea avea de recuperat creanțe de circa 13 milioane de lei, dintre care circa trei milioane de la bugetul de stat. Pe de altă parte, gospodăria înregistra la finele anului trecut datorii de peste 35 de milioane de lei, inclusiv credite bancare de 23 de milioane de lei și împrumuturi comerciale de peste nouă milioane de lei. ![](https://storage.moldova1.md/images/678a5044-9a47-4526-9ee7-a61817aa0f95.jpg) **The state owes the MP's farm business** Financial statements show that the agricultural business reported sales revenue of approximately €472,000 (9.5 million MDL) in 2025, while recording losses exceeding €248,000 (5 million MDL). At the end of last year, the business held assets worth approximately €1.29 million (26 million MDL). These included land valued at €1.02 million (20.5 million MDL), as well as machinery and equipment worth approximately €149,000 (3 million MDL). The company also reported receivables of approximately €646,000 (13 million MDL), including around €149,000 (3 million MDL) owed by the state budget. At the same time, its liabilities exceeded €1.74 million (35 million MDL). These included bank loans of approximately €1.14 million (23 million MDL) and commercial loans exceeding €447,000 (9 million MDL). According to Rise.md, more than 470 agricultural and other land plots are cadastrally registered in the MP's name, although his asset declaration lists 19 agricultural plots. Stefanco explained that the land legally belongs to the farm business but was registered under his name because of certain legislative provisions. The investigation also found that the MP holds an approximately 33.3% stake in another agricultural business that has not submitted financial statements to the National Bureau of Statistics for several years. Sergiu Stefanco was elected to Parliament on the electoral list of the Democracy at Home Party, led by Vasile Costiuc. He serves as the party's deputy chairman. He previously ran in the July 2021 parliamentary elections, ranking sixth on the party's list, which failed to cross the electoral threshold. Following the November 2023 local elections, Stefanco became a local councillor in Ucrainca commune and a district councillor in Căușeni. 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