The director of a limited liability company was arrested on suspicion that the illegally obtained a loan of about €1.2 million from Banca de Economii (BEM), causing thus considerable damage to the bank. According to the National Anticorruption Center, the loan was released when BEM was managed by Grigore Gachikevich, IPN reports.

The National Anticorruption Center is investing a number of cases concerning the frauds committed at Banca de Economii and Banca Sociala. In particular, these refer to illegal obtaining of loans, violation of lending rules, misuse of power, money laundering, defective management of the two banks and obstruction of bank surveillance. 

In these cases, ten persons were charged, three are investigated as suspects, while another three were put on the wanted list. Currently, 19 cases are pending in court, with five persons, including the ex-director of BEM Grigore Gachikevich, to stand trial. 

The investigated cases refer to loans totaling 1.8 billion lei, US$23.5 million and €32.4 million at BEM and almost 460 million lei, €$12.8 million and US$11.4 million at Banca Sociala.