Moldovan companies participating in public competitions will be held criminally responsible for the failure to provide reliable information about their final beneficiaries
The Minister of Economy and Infrastructure Vadim Brinzan informed the journalists about this, noting that such a legislative initiative is currently being developed. “In this way, we want to increase the transparency of the entire public procurement system. Now often auctions are won by companies with unknown shareholders from offshore companies from Cyprus, Seychelles, etc. We want to know who they are, what their contribution to these companies is and who actually stands behind the companies winning public auctions in Moldova. To this end, criminal liability will be introduced for failure to provide such reliable data,” said Vadim Brinzan. “Thus, we will ensure transparency and will be able to partially solve the problem of monopolies. Today, many of the companies participating in competitions have the same real final beneficiaries. For example, three companies that actually have one final beneficiary can participate in the competition. Therefore, it is necessary to introduce criminal liability for companies for providing false information about their final beneficiaries, as is practiced in other countries. This will concern not only the tenders for the repair of roads, but in general the whole public procurement system,” said the Minister of Economy and Infrastructure. // 02.08.2019 - InfoMarket.