The criminal case for accusing the members of the Management Board of the Social Bank and other third parties for deliberately violating the crediting rules in aggravating circumstances was sent to the court. 

During the criminal investigation, it was established that in 2013 a group of persons from the management of the Social Bank has made a criminal scheme of artificially recovering the financial situation of the institution, according to the documents of the National Bank of Moldova.

More specifically, the Council members unlawfully granted a company a loan of 68,000,000 lei to buy land and factory buildings located in Chisinau, mortgaged in favor of the bank by another company, at an artificially increased price, in order to be sufficient to cover as many as possible non-performing loans previously granted to the latter.

The company did not make any payments for repayment of the loan, and only a part of the loan was repaid as a result of the sale of the mortgaged assets by the bank, over 28 billion lei, so the bank has suffered over 48 billion lei.

At the same time, another credit of 52,000,000 lei was granted to another company for the purchase of a machine for the production of fiddle glass, which de facto does not exist, from another company involved in the first case.

And in this case, the bank was compensated with a loss of 66,873,116 lei.

Moreover, in order to pay the de facto manager of the companies, for committing the illegal actions, he was granted a credit in breach of the credit rules amounting to 10,000,000 lei, for a 12-month term, with an interest rate of 15 % per annum, as to fill in circulating assets. Thus, the bank suffered more than 11 billion lei of damage.

In total,  the financial institution has been damaged by over 126 billion lei.

According to the anticorruption prosecutors,  the defendant has six persons: the chairman of the Board of Directors of the Bank, the vice-chairman of the Board of Directors of the Bank, three members of the Board of Directors of the Bank and the administrator of the company that benefited from credit.

During the criminal prosecution , the prosecutors filed seizures on the property of the accused in a total amount of 3,208,854 lei.

If found guilty, the defendants are liable to a fine of up to 167,500 lei or up to 7 years of imprisonment, in both cases depriving them of the right to hold certain positions or to practice certain activities for up to 5 years.