The Security and Intelligence Service (SIS) informed Parliament and the head of state, including at the meetings of the Supreme Security Council, about the risks to which the financial-banking system was exposed. If a prompt reaction to the Service’s reports had followed, Moldova would have had a less vulnerable security framework, SIS director Mihai Balan said in the hearings held within the December 2 special sitting of Parliament, IPN reports.
“We not only informed, but even requested that measures should be taken immediately. Based on the SIS’s reports, criminal cases were started and investigations are conducted. This year, the SIS has issued 80 notes about the country’s security, 40 of which referred to the financial-banking system. I cannot give names as the investigations go on,” stated Mihai Balan.
He admitted that the SIS can be more efficient. “At the current stage, the SIS only furnishes the responsible authorities with information. I’m sure that if these had reacted promptly to the SIS’s reports, we would have had a less vulnerable security framework. I do not want to assess the actions of the government or to accuse it or the managers from the financial-banking system. I want only to note that the SIS officers acted competently and constantly provided information,” he said.
According to Mihai Balan, the SIS does not have powers to counteract particular actions and the situation in the banking sector clearly shows that there is a relevant gap in the legislation.
