Industry WIKI

In 2014, $1 billion disappeared from three Moldovan banks: Banca de Economii, Unibank and Banca Socială. This bank fraud was a coordinated effort involving all three banks working together to extract as much loan finance as possible from the banks without any obvious business rationale. Ilan Șor, a Moldovan businessman, together with Vladimir Plahotniuc and Serghei Iaralov "masterminded"

The Bank Bali scandal occurred in Indonesia in 1999 when Golkar Party officials colluded with the Indonesian Bank Restructuring Agency (IBRA) to coerce Bank Bali chief Rudy Ramli to pay an illegal commission of Rp546 billion (then equivalent to about US$80 million) to private company Era Giat Prima in order to collect Rp904.6 billion owed by two banks taken over by IBRA.