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International Internet Magazine. Baltic States news & analytics Thursday, 24.04.2025, 05:50

Lithuania's Steponkus clearing reputation of Moldovan bank amid launering charges

BC, Vilnius, 22.03.2017.Print version
Lithuanian consultant Giedrius Steponkus aims to improve the reputation of Moldovan bank Moldindconbank, which was used for laundering part of 20 bln US dollars from Russia, 15min.lt news portal reported as part of the international research Laundromat conducted in cooperation with the research journalism center Organized Crime and Corruption Reporting Project (OCCRP), independent Russian publication Novaya Gazeta and another 31 journalists working in the country, writes LETA.

"Moldova reminds me of Lithuania more than a decade ago when we signed the association agreement with the EU," told Steponkus, chairman of the supervisory council at Moldindconbank since last fall.


His tasks are similar to those performed by the administration of nationalized banks, Ukio Bankas and Snoras, in Lithuania. The Moldovan bank had not been depleted and stands a real chance of again becoming a normal financial institution.


Steponkus was appointed to the Moldindconbank leadership after Moldova's central bank took over 64% of its shares and is looking for a buyer to put the bank back on its feet. In Steponkus' words, a difficult process lies ahead, including cancellation of shareholder privileges and improved prevention of money laundering.





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