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July 23, 2021

Searches at money lending companies suspected of fraud

The Police of the Prahova County are searching this Monday in eight locations that are headquarters of some commercial companies and the homes of certain people suspected of fraud and crediting operations specific to the financial bodies without observing the legal provisions in the field.

“On November 16, the police officers with the Prahova County’s Inspectorate, under the coordination of the Economic Crime Investigation Department of the Romanian Police, with the specialty support of the Special Operations Department of the Romanian Police are conducting eight searches at houses and commercial companies’ headquarters located in the cities of Bucharest, Cluj-Napoca and Miercurea Ciuc,” a release by the Romanian Police General Inspectorate (IGPR) sent to AGERPRES, informs.

The searches show that from June 2015 until now, over 350 people of the county of Prahova, and the neighboring counties, were misled.

“The suspects, by using a commercial company established in this respect, through which they were concluding so-called joint venture contracts with the victims, committed themselves towards the said people to give them financial loans in exchange of monthly installments payments, yet without having this crediting activity in disguise authorized by the National Bank of Romania,” says the release.

In several cases, although the victims have paid many monthly installments upfront, according to the contracts signed with the commercial companies ran by the five suspects, the latter ones have never gave the money promised as a loan.

The damage caused by the criminal activity is so far of over 350,000 lei.

“Five persons suspected of being involved in this criminal activity will be taken this Monday to the Prahova County Police Inspectorate, and other 50 will be heard for establishing the facts,” the IGPR release adds.

Investigations regarding the crimes of cheating, usury, embezzlement and conduct, without right, of specific activities of credit institutions, are under way.

The searches, investigations are run with support from the Bucharest General Police Department and from the Cluj and Harghita Counties’ Police Inspectorates.

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