Ilan Shor was arrested for 72 hours within a criminal case started over bank fraud, namely swindle and money laundering, IPN reports.

State prosecutor Adriana Betisor said it is about loans in considerable amounts released illegally by Banca de Economii in 2014. The prosecutors received the results of the economic financial analysis carried out by foreign institutions. As a result, it was decided to remand Ilan Shor in custody.

According to Adriana Betisor, the Prosecutor General’s Office will soon submit an application to the Buiucani Court to issue an arrest warrant for 30 days against Ilan Shor.

Ilan Shor’s lawyers consider prosecutors’ actions are illegal and unfounded. “No new evidence to prove Ilan Shor’s blame was provided, especially over the charges on which he was arrested today. The Prosecutor’s Office should not follow the slogans that some have actively formulated lately, but should obey the law and manage facts and proofs. This didn’t happen,” said one of the lawyers.

The lawyers said that Ilan Shor cooperated actively with the prosecution bodies and provided all the necessary details.