Moldova: Jewish Oligarch Under Arrest for Billion-Dollar Looting of Nation’s Banks


Theft amounts to one eighth of Moldova’s GDP

THE JEWISH COMMUNITY in the desperately poor Eastern European country of Moldova fears the arrest of a local Jewish businessman, Ilan Shor (pictured), in the $1 billion looting of local banks will spark a new wave of antisemitism.

According to a report in the Algemeiner based on a report by Israel’s Channel 2 News, Marina Lecarteva, a leader of Moldova’s organized Jewish community, told Israel’s Channel 2 News Shor’s arrest and his alleged behavior are dangerous.

“There is a lot of antisemitism here, especially on the Internet…[and] the community is concerned. The masses have identified him as a Jew, and people here are outraged over the fraud, connecting him to the [Jewish] community.” …

Lecarteva said Shor’s alleged thefts will likely exacerbate the anti-Semitism that already exists in Moldova.

Channel 2 noted Lecarteva said the small Moldovan Jewish community, which numbers between 35,000 and 40,000 members, “has not yet seen any violence, with an emphasis on [the word] ‘yet.’”

Shor, a 28-year-old millionaire, reportedly made his fortune selling duty-free goods at Chisinau (the current name for Kishniev) International Airport.

The missing $1 billion amounts to about one-eighth of Moldova’s annual gross domestic product (GDP).

According to a confidential report by Kroll – a US-based company that bills itself as a “global leader in risk mitigation and response” and which provides investigate services, research and cyber-security, among other services, for some of the world’s top businesses – companies tied to Shor took control of the Moldovan banks which then allegedly issued large loans to other companies linked to Shor.

While it is still unclear if he played a personal role in the alleged thefts, Shor has been under house arrest since May 6.

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John Christmas
John Christmas
17 September, 2015 8:26 am

I recommend the website (also Twitter and Facebook) for more information about this. The corrupt government of Latvia has been protecting a circle of offshore banks linked to the Kremlin/KGB for 20+ years and these banks have received substantial funding from the clueless US and EU. The main banking Oligarchs in Latvia are also Jewish, Valery Kargin and Viktor Krasovitsky. These offshore banks in Latvia were closely involved in looting the banks in Moldova. Honest Jewish people in Latvia and Moldova should be horrified by the actions of Kargin, Krasovitsky,and Shor.