Kroll experts assess bank fraud at $600 mn and forecast time of asset recuperation

Experts of the companies Kroll and Steptoe & Johnson will come to Chișinău next month for a consulting session about the strategy of recuperated the money taken out of the country after the bank fraud.

According to Kroll, the fraud from BEM, Banca Socială and Unibank is $600 mn. At least 75 companies, linked to Ilan Şor, concertedly acted from 2012 through 2014, getting bad loans.

Most of the money was transferred to two Latvian banks and then laundered through a network of about 100 corporate accounts in that country.

Most of those accounts were opened on names of companies registered in the UK, or Belize, the British Virgin Islands and Panama.

Kroll believes the money could be recuperated in at least 1.5 years.

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