Moldova: EU Calls For Investigation Into Missing US$ 1 Billion
The Council of the European Union has called on Moldovan authorities to investigate the massive Moldovan banking fraud, according to a Feb. 15 news release.
Protesters took to the streets after the theft was confirmed in April 2015, denouncing the government, politicians, banks and organized crime.
The theft was a serious setback for one of Europe’s poorest nations with a gross domestic product of around US$ 8 billion and an average wage of approximately US$ 200 per month.
The council urged the Moldovan authorities to “ensure that the cases of fraud that affected its banking system in 2014 are made subject to a thorough, impartial investigation, also with a view to recovering the diverted funds and to bringing those responsible to justice.”
It also said that authorities should “undertake audits of the three banks under special supervision” in collaboration with the IMF.