The Anticorruption Prosecutor’s Office has finished the investigation and sent to court the eleventh case against five former members of the Lending Committee of Banca de Economii (BEM, Savings Bank). According to the Prosecutor General’s Office, the case was started over violation of lending rules that resulted in considerable damage to the bank, IPN reports.

The prosecutors established that the former president of the Lending Committee, together with another four members of the Committee, in 2010-2011 released toxic loans to the value of 197 million lei to four companies. The Lending Committee was to intervene and stop the release of money, but this took no steps.

The Anticorruption Prosecutor’s Office has sent to court 11 criminal cases against the five persons. Currently, the ex-president of the BEM Lending Committee is in remand detention, while the other four are investigated outside remand.

A part of the property of the defendants was confiscated to recover the damage caused to the bank. The five face up to seven years in jail and ban on holding particular posts or carrying our particular activities for a period of up to five years.