ROMANIAN BANKS SCAMMED FOR EUR85 MILLION IN LOANS FRAUD
December 1st, 2012
BY CARMEN PAUN
TWO Romanian banks have been hit by staff issuing EUR85 million fraudulent loans to customers who should never have qualified for financing, the country's directorate for the investigation of organised crime and terrorism (DIICOT) has revealed. The banks are BRD, controlled by France's Société Générale, and Volksbank, part of the identically named Austrian group. DIICOT said it is investigating 58 members of an organised crime group allegedly co-ordinated by influential business figures from capital city Bucharest in connection with the ...
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