The Prosecutor’s Office of Tirana has seized bank accounts worth 10 million euros of the administrators who were involved in the loan fraud scheme. The money belongs to 10 persons and three entities, “MCA”, “ADCA” and “Final” shpk.<\/p>\n
The Prosecutor’s Office of Tirana has seized the bank accounts of 10 people, executors and administrators of companies that offer microcredit, as well as three financial entities. The seizing comes after strong suspicions that the group was involved in fraud schemes to the detriment of tens of thousands of citizens who had received loans. In total, it is about 10 million euros, while the charge brought against them is that of “money laundering”.<\/p>\n
A week ago, 9 people, administrators and executors from the financial institutions Micro Credit Albania, ADCA, as well as the enforcement companies Zig, FS, FLASH, were arrested. It is precisely the accounts of the latter and of the companies Microcredit Albania and Final shpk, which have been seized.<\/p>\n
According to the prosecutors, such a measure was necessary because “there is a risk that the monetary values \u200b\u200bin their accounts, which are suspected to be the product of criminal activity, will be transferred or hidden”.<\/p>\n
In the announcement, it is explained that the persons and companies “have significant amounts of money in Lek and foreign currency deposited in second level banks as well as various bonds. For them, there are suspicions that during the exercise of the activity, they bought bad loans in banks, and forced citizens to take new loans to repay the first ones, blocking the latter’s assets and salaries, in inverse proportion to the value of granted loans”.<\/p>\n
After last week’s arrests, the Bank of Albania announced that it had immediately revoked the licenses of Micro Credit Albania and Final.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Prosecutor’s Office of Tirana has seized bank accounts worth 10 million euros of the administrators who were involved in the loan fraud scheme. The money belongs to 10 persons and three entities, “MCA”, “ADCA” and “Final” shpk. The Prosecutor’s Office of Tirana has seized the bank accounts of 10 people, executors and administrators of […]<\/p>\n","protected":false},"author":23,"featured_media":69493,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[153,1803],"tags":[557,1851,243,151,4105,6641],"acf":[],"yoast_head":"\n