Search results for "Moldovan banking scandal"

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Where Did the Money Go? Endogenous Money Creation for International Fraudulent Purposes - The Case of the 2015 Moldovan Banking Scandal

2015

On Monday 4 May 2015, the speaker of Parliament of the Republic of Moldova published the Kroll report on his Internet blog after thousands of people rallied on Sunday 3 May in the capital, Chisinau, to protest against endemic corruption in the country, and demand recovery of the missing billions in the Ilan Shor group scandal. The Kroll report aims at investigating the apparent theft of nearly one-fifth of the country's annual GDP. In a spectacular lender-of-last resort move, the Moldovan central bank was forced to issue some 16 billion lei ($870 million) in emergency loans to keep the economy afloat. The Kroll report focuses on three commercial banks that account for a third of the country…

Sociology and Political ScienceCorruptionmedia_common.quotation_subject030231 tropical medicineAgency costFinancial systemContext (language use)Moldovan banking scandalThe RepublicEducation03 medical and health sciencesShadow banking system0302 clinical medicineShareholderEconomics[ SHS.ECO ] Humanities and Social Sciences/Economies and finances030212 general & internal medicine[SHS.ECO] Humanities and Social Sciences/Economics and Financemedia_commonEndogenous moneybusiness.industryRomanianCorporate governanceMoney[SHS.ECO]Humanities and Social Sciences/Economics and Financelanguage.human_languageFinancial engineeringEconomyCurrencylanguageRetail bankingbusinessGeneral Economics Econometrics and Finance
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