The Board of Moldova-Agroindbank has said that since this February, the bank’s managerial bodies and shareholders have been the target for new fraudulent acts by a group of persons who act concertedly, being supported by high-ranking officials from state bodies (administrative and judicial) and by an independent registrar, IPN reports.

In a communiqué, the bank’s administration says the given acts represent the prolongation of the illegal and especially dangerous scheme against Moldova-Agroindbank that was launched in the summer of 2011 and continued in 2012. By their size and impact, they exceed considerably the raider attacks.

“The suspect operations with significant shareholdings in BC Moldova Agroindbank SA were performed through the agency and in collusion with the independent registrar “Registru-Corect”, which favoured illegal transfers of shares issued by the bank.  The unknown origin of the money with which the bank’s shares were acquired leaves room for speculation as regards their source and arouses justified suspicions,” reads the communiqué. 

The bank’s administration believes that these acts can undermine the bank’s financial stability and, by the very dangerous precedent they set, can endanger the financial and economic stability of the country. The essential change in the composition of the bank’s shareholders and in its administrative bodies, without the consent of the international financial institutions that are the bank’s creditors, will be considered by these creditors as cases of default with the right to withdraw the borrowed financial resources before time. 

BC Moldova Agroindbank SA informed all the relevant bodies of Moldova about the illegal appropriation of shares from the bank’s stockholders and asked taking appropriate measures so as to stop these acts. The bank expressed its concern about the anaemic actions of the competent state bodies.

According to the communiqué, the National Bank of Moldova plays a decisive role in the given situation, as the regulator and supervisor of the national banking system. “The situation at the bank depends on the will and correctness of the steps of the National Bank of Moldova and the National Financial Market Commission as well as on the bodies dealing with the combating of money laundering,” it is said in the communiqué.