Prosecutors set to court the tenth criminal case over the frauds committed at Banca de Economii. In this case, five former members of the Lending Committee of Banca de Economii (BEM) are accused of violating lending rules, causing thus significant damage to the bank, IPN reports, quoting a press release of the Prosecutor General’s Office.
According to the prosecutors, in 2010-2011 the former president, in cooperation with five members of the Lending Committee of the BEM, illegally released loans to the value of 244 million lei to three firms. Though the legislation provides that the Lending Committee must intervene and stop the provision of loans by immediately recovering the released money, the culprits did nothing and the banks sustained thus considerable damage.
The Anticorruption Prosecutor’s Office has sent ten cases over bad loans at the BEM to court so far.
The former president of the Lending Committee is under arrest, while his accomplices are investigated outside prison. The suspects’ property was seized with the aim of recovering the damage caused to Banca de Economii.
The culprits face a fine or to up to six years in jail, in both of the cases with ban on holding particular posts or performing particular activities for a period of up to five years.
