More than 50 people, including bank managers, sent to trial in EUR 81 mln case of fraud in Romania

Romanian Prosecutors from the Directorate for Investigating Organized Crime and Terrorism (DIICOT) have charged 56 people with fraud, including six executive managers and commercial managers of a banking unit alleged to have provided illegal loans. According to DIICOT, the defendants were part of an organized criminal group specialized in crimes of fraud with serious consequences, forgery of private documents and money laundering. The damage of their activities amounted to more than EUR 81 million, according to the prosecutors. “The defendants have achieved ​​substantial financial benefits by committing bank fraud, namely by illegally obtaining loans from a banking unit, for a total of 33 firms controlled by members of the criminal group,” reads a DIICOT statement. Six executive and commercials managers of the banking unit, eight customer advisers and four branches managers within the bank are accused of supporting the group’s criminal activity. DIICOT has sent the case to the Bucharest Court of Appeal. Irina Popescu, irina.popescu@romania-insider.com (photo source: Sxc.hu)