A group of experts of Kroll company will come to the Republic of Moldova to discuss the strategy for recovering the money embezzled from the Moldovan banking system, National Bank governor Sergiu Cioclea announced in the program “Moldova live” on the public TV channel Moldova 1, IPN reports.
“It is not within our remit to recover the money. There are competent institutions. We will provide information about the foreign accounts to which the stolen money was transferred and will prepare the files for being submitted to the jurisdictions where the money went. Towards the end of summer or the start of autumn, we will start to recover the money,” stated Cioclea.
The governor said the second Kroll report will not be made public as the Kroll experts also asked for this. “The Kroll experts recommended not to publish the report until all the accounts to which the stolen money was transferred are identified,” he stated.
Sergiu Cioclea noted that this year the National Bank of Moldova will work out a “constitution” of the banking system, which will provide the framework needed to manage risks. “The Republic of Moldova is the only country in Europe where the bank risk surveillance level is at the level characteristic of the 1980s. We should make these machines, the banks, to move and provide healthy loans to the economy,” he said.
The governor also said that it was decided to sell the three banks that are under the special supervision of the central bank – “Moldova Agroindbank”, “Moldindconbank” and “Victoriabank”. “We are waiting for investors. It is for the first time in the Republic of Moldova that banks’ shareholders with problems will be replaced,” stated Sergiu Cioclea.
He noted that in the near future the National Bank of Moldova will start the audit of commercial banks to identify affiliated loans.
