The former management of Moldtelecom committed violations by promoting certain companies, paying for non-existent services, using company resources for personal purposes, etc.
This was announced by the Director General of the Public Property Agency Eugeniu Moraru, referring to preliminary results of a comprehensive audit of the enterprise. The Director General of the Public Property Agency noted the agreement signed in April 2013 with one company with foreign capital in order to create and maintain a centralized database for introducing number portability in Moldova. According to the terms of the contract, Moldtelecom is required to pay 3 eurocents per month for each allocated number, including a fixed one. Thus, Moldtelecom has already paid this company about 110 million lei (5.7 million euros) for virtually non-existent services. “A simple mathematical calculation shows that the average cost of one number transferred to Moldtelecom is about 172 euros,” said Eugeniu Moraru. Most of the amounts were transferred abroad under certain legal pretexts, loans, royalties, etc. Among other violations, he also identified: the conclusion of contracts for expensive and unreasonable loans; lack of clear understanding of development; lack of performance indicators; use of company resources for personal purposes; the dominant position of some economic agents in areas that relate to the company; personal trips used for personal purposes; fictitious employment. Eugeniu Moraru recalled the agreement concluded in October 2012 with a non-resident company on the provision of international voice traffic. “In fact, under this contract, the use of Moldtelecom’s potential for the development of the third company was legalized, while Moldtelecom could independently develop this sector and take advantage of the opportunities available on the market, which led to the loss of additional profit. The revenues of Moldtelecom as a result of the conclusion of this agreement have decreased and continue to decline, ”said Eugeniu Moraru. He also spoke about violations identified during tenders. So, one of the companies in the field of passive optical networks is the most important supplier of Moldtelecom, providing 57% of the total volume of the company's purchases in some periods. Only in 2018, this LLC mastered a budget of 350 million lei. In addition, over the past 10 years, Moldtelecom has been buying cable from only one enterprise at prices higher than market prices. Despite poor management, the former management of Moldtelecom allowed itself luxurious trips abroad with the money of the company. For example, the former CEO Dan Mitriuc and the former financial director of the company went to Dubai from March 6 to 10, 2019 and stayed in the most luxurious hotel in the rooms of King Imperial and Queen Club Imperial at a cost of 660 euros per night. The audit also revealed cases of using company resources for personal purposes and fictitious employment of some people. So, the former head of the company received a bonus of 6 average salaries (250 thousand lei) for the growth of the company's net profit by 288% compared with the planned one. Eugeniu Moraru noted that the profit plan was underestimated, and if we actually compare the real profit of the company in 2017-2018, then the profit for 2018 was lower. Cases have been identified where staff travel was most likely for personal use. Fictitious employment was allowed: a business analyst in the field of logistics did not work, but received a salary, had an official car, etc. In addition, Moldtelecom entered into a financial audit contract for 2017 with an international company of the Big Four, which has not yet been represented, despite the expiration of the deadlines and full payment for services. There are questions on contracts for the provision of marketing services: large sums were paid for advertising the company, which was placed on certain channels from one holding company. A lot of money was allocated for sponsorship of K1, etc. Eugeniu Moraru said that based on the audit findings, Moldtelecom has begun internal investigations, and after the audit is completed, the results of the violations of the previous management will be notified to the Prosecutor's Office. // 18.09.2019 — InfoMarket.