Society

26 October, 2026 / 07:30

/ 31 July, 2026

Ilan Shor, sent to court in file concerning embezzlement of 100 million dollars from Savings Bank of Moldova

Anti-corruption prosecutors have sent to court the criminal case in which Ilan Shor is accused of acting as organizer, instigator and co-author of the offense of embezzling the financial assets of JSC Banca de Economii (Savings Bank), in the amount of 100 million U.S. dollars. The actions were allegedly committed by more individuals as part of an organized criminal group.

According to the Anti-Corruption Prosecutor's Office (PA), Ilan Shor, in his capacity as chairman of the Board of Directors of JSC, Banca de Economii, between July 2013 and September 2014, allegedly organized and coordinated a criminal group that devised and implemented a scheme to embezzle 100 million U.S. dollars from the bank's assets.

"He is alleged to have effectively controlled, through intermediaries, more financial and banking institutions and to have ensured the adoption of the administrative, legal and economic and financial decisions necessary for implementing the criminal plan. In this way, conditions were allegedly created for the transfer and use of the financial resources of JSC 'Banca de Economii' in the interest of the organized criminal group, including through the use of forged documents," the PA said.

Also, on June 17 2026, the Chisinau Court, Ciocana branch, upheld the prosecutor's request and ordered, in the absence of the accused, the application of the preventive measure of pre-trial detention for a period of 30 days.

For the offense of fraud committed on an especially large scale, the law provides for a prison sentence of 8 to 15 years.

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