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A Moldovan oligarch and ex-opposition leader gets a 19-year sentence in a $1 billion bank fraud case
Prosecutors said the court also ordered the seizure of about $60 million tied to the banking fraud case.
- Moldovan business magnate Vladimir Plahotniuc was sentenced to 19 years in prison for his role in a $1 billion banking fraud case involving the country's banking sector.
- The stolen $1 billion was used for personal purchases and investments by Plahotniuc.
- Plahotniuc fled Moldova in 2019, was arrested in Athens in 2024, and extradited back to Moldova in 2025.
- The verdict can be appealed within 15 days.
54 Articles
54 Articles
A Moldovan court has sentenced oligarch Vladimir Plahotniuc to 19 years in prison in a case related to the disappearance of a billion dollars (850 million euros) from the country's banking system. The former businessman, MP and leader of the Democratic Party of Moldova fled Moldova in 2019 after facing a series of corruption charges.
Moldovan oligarch Vlad Plahotniuk was sentenced to 19 years in prison on Wednesday for a bank fraud dubbed the “heist of the century” in the Eastern European country. The participants in the fraud caused damage of $1 billion (20.8 billion crowns), which at the time corresponded to 12 percent of Moldova’s GDP.
He was arrested last year in Athens while preparing to fly to Dubai.
Associated Press News
A Moldovan oligarch and ex-opposition leader gets a 19-year sentence in a $1 billion bank fraud case
A Moldovan oligarch and former opposition leader has been sentenced to 19 years in a fraud case in which a billion dollars stolen from banks in the country more than a decade ago.
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