Representatives of Kroll are expected to arrive in Moldova next week. “We are having the last discussions with the company’s representatives on two documents that are to be presented,” National Bank governor Sergiu Cioclea stated on November 2.
The strategy for recovering the embezzled funds is one of the two documents. “Intense work was done with the Anticorruption Prosecutor’s Office and the National Anticorruption Center to integrate their comments,” said Sergiu Cioclea.
The company’s Second Report is the other document. “The NBM wants to publish this document. We will discuss with Kroll what parts of it can be published. Transparency at this stage is very important. Surely the secrecy of the investigation should be kept so as not to affect the recovery of money. These things will be discussed with the representatives of Kroll on an inter-institutional platform,” noted the governor.
As regards the recovered money, Sergiu Cioclea said 80% of the recovered funds (over 1 billion lei) derived from the repayment of loans or sale of secured property following the liquidation of the three banks.
Asked when the money will start to be recovered from the jurisdictions indicated in the Kroll report, Sergiu Cioclea said some of the jurisdictions reacted positively to the National Bank’s request and promised to cooperate in this regard, like the Baltic States. Other states are not so willing. “It will be a hard process that will last for several years, but this will start at the end of November, after Kroll presents the strategy for recovering the money,” stated the governor.
