Moldova, Looking For Missing Millions, Finds Just Ash

Moldova, Looking For Missing Millions, Finds Just Ash

IALOVENI, Moldova — a dense carpeting of white ash in the rear of a burned-out Volkswagen van is perhaps all that stays regarding the last, hopeless work in a banking swindle so enormous it cost this impoverished Eastern European country roughly the same as an eighth of their yearly output that is economic.

In accordance with the modest size of Moldova’s economy, the disappearance of vast sums of bucks from three loan providers, now insolvent, could rank one of the world’s biggest bank thefts.

The losings have actually exposed deep-rooted corruption and the shadowy energy of feuding company oligarchs that have hobbled European and US efforts to draw previous Soviet states away from Moscow’s orbit. The scandal has emboldened and invigorated pro-Moscow forces within the tug of war over former Soviet lands. Continue reading “Moldova, Looking For Missing Millions, Finds Just Ash”