Bank fraud of EUR 11.3 M at BCR Alba


The National Anticorruption Directorate (DNA) has sued 28 persons suspected of involvement in defrauding the Romanian Commercial Bank (BCR), Alba branch. The suspects include bank employees and the branch director, who allegedly granted certain companies loans of over EUR 11 million which were never returned, according to DNA claims ten BCR employees with the Alba Iulia Corporate Business Center granted 56 loans between 2005 and 2010 to companies that did not meet the lending requirements, a DNA press release notes. Moreover, in exchange for certain amounts, the bank employees presumably reported false data to the BCR headquarters in order to hide the trail of these loans which they restructured by breaking bank regulations. The 56 loans were granted to 34 companies in severe violation of internal bank regulations and lending norms, DNA says. The bank employees were not authorized to approve the loans and accept Xeroxed copies of documents without first confronting them with the originals; these documents proved to be false, the DNA press release shows further. Part of the money would be deposited back into BCR accounts as installments on behalf of other companies with which they had contractual ‘relations,’ possibly with the same actual shareholders.