Moldova seeks extradition of billionaire fraudster

RUSSIA / FSU POLITICS - In Brief 20 May 2020 by Alex Teddy
Moldova have charged Vlad Plahotniuc with defrauding the country of over USD 1 billion. Plahotniuc is a Moldovan living in the US. From 2012-14 he allegedly stole the money from one of the country's main banks. The theft amounted to over 12% of the country's GDP!The country is seeking Plahotniuc's extradition from the United States. He used to head the Democratic Party in his homeland. The US is probably going to deport him even before the extradition procedure is finished because he entered the country despite being banned. He is alleged to have withdrawn USD 100 million from Banca de Economii before he disappeared. Ilhor Shor was allegedly an accomplice of Plahotniuc. Shor took huge loans for his companies in 2014. It is thought that he fled to Israel. The former prime minister Vlad Filat was convicted of participation in the fraud. Filat was released after only 3 years in jail.

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