Ilan Shor has been placed under 30 days of preventive arrest in absentia after the Chisinau Court, Ciocana office, accepted the prosecutor’s request in a case concerning the alleged embezzlement of $100 million from Banca de Economii.
The court found that prosecutors accuse Shor of acting as an organizer, instigator, and co-author of aggravated embezzlement committed by an organized criminal group.
Prosecutors allege that, while serving as chairman of the Board of Directors of Banca de Economii between July 2013 and September 2014, he coordinated a scheme that led to the misappropriation of $100 million from the bank’s assets. They claim he controlled several financial institutions through intermediaries and influenced administrative, legal, and financial decisions that enabled the transfer and use of funds for the benefit of the alleged criminal group, including through falsified documents.
Authorities say the case forms part of the broader “bank fraud” investigations linked to Moldova’s banking sector crisis.
In a related proceeding, a former interim head of Banca de Economii was sentenced on January 29, 2024 to 10 years in prison. That case is currently under review at the Chisinau Court of Appeal, with a ruling expected on July 8, 2026.