Monday, May 4, 2015

Moldova: US$1 Billion Disappears From Banks, Thousands Protest in the Capital

18:42, May 4, 2015

Thousands took to the streets in Chisinau on Sunday to protest the disappearance of more than a billion dollars from three Moldovan banks that were recently bailed out with taxpayer-guaranteed loans.

The Central Bank of Moldova discovered in April that three banks had paid a total of US$ 1 billion in November 2014 to unnamed recipients in the few days before parliamentary elections, according to Agence-France Presse(AFP).

Leaked documents published indicate that some of the cash ended up in Russian accounts. November's parliamentary elections had seen pro-European parties fight it out with pro-Russian candidates for majority, with the former gaining a narrow lead.

Armenian News

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