OREANDA-NEWS. July 02, 2013. The Management Board of the Moldovan National Bank /BNM/ adopted a decision by which „presented its opinion on the concerted actions of five companies which hold over 17 per cent of the Moldova-Agroindbank /MAIB/ bank’s capital”.

The BNM head, Dorin Dragutan, said that, during the period of January-May 2013, seven companies registered in Cyprus, Latvia and Great Britain „have acquired, via purchase or contribution to the social capital, shares with a total quota of 30 per cent of the MAIB’s capital”. Dragutan made statements to this effect at a news conference today.

On 24 June 2013, the BNM received a decision of the Buiucani Court of 12 June, by which, the central bank was prohibited to suspend rights of participation in the MAIB’s administration to those seven new shareholders. Dragutan underlined that the BNM had appealed the decision in the Chisinau Court of Appeal and hoped that the decision of the hierarchically inferior court would be annulled. Dragutan avoided presenting the BNM’s reasoning, saying that it would be presented in court.

Dragutan also said that, after a possible annulment of the decision of the Buiucani Court, five of those seven new shareholders suspected by the BNM that „they would jointly act” would be given 60 days in order to request to the BNM the authorisation of holding a substantial quota of shares in the MAIB’s capital. The National Bank „has requested the relevant bodies to provide for any evidence that would indicate the existence of a concerted activity of those seven new shareholders”.