The NCFM has limited the circulation of 480 thousand ordinary registered shares, newly issued by Moldasig.
According to the press service of the National Commission for the Financial Market (NCFM), the decision was approved before checking all the circumstances related to the subpoenas sent by the bailiff Maksim Romaliischi to the Single Central Securities Depository. The matter concerns the execution of several decisions to restore ownership in respect of Moldasig shares by Prodromos Limited (19.98%), Denton Enterprise (19.99%) and Rook Invest (9.87%). As noted by the NCFM, thus, the bailiff has carried out a reconciliation deal (amicable agreement) between the former shareholders of Moldasig and Ruslan Dobos. The latter is not an employee of Moldasig and did not pass the NCFM assessment according to the criteria of integrity and professional incorruptibility. The NCFM notes that Dobos is a former financial director of Asito and appears in criminal cases on the fact of serious violations in the management of this company. At the same time, Rook Invest does not appear in the decisions of the NCFM as a former shareholder of Moldasig, and the shares belonging to Prodromos Limited and Denton Enterprise were canceled, respectively, excluded from the State Register of Securities. “The amicable agreement is aimed at restoring the right to non-existent property. As a result of this transaction, the parties to the settlement are trying to misappropriate Moldasig assets (newly issued shares), abusing their official position and causing damage to the state totaling 88.3 million lei. Theft of foreign property with the use of official position is a criminal offense,” the NCFM says. The commission also draws attention to the fact that all the events described took place after November 6, 2020 when Olesea Turcanu delivered a judgment on the claim of Wesna LTD (one of the Moldasig shareholders found in conspiracy). This is a resonant and unprecedented decision, since the court suspended the normative acts of the NCFM of 2016-2017 and returned the right to temporarily manage the insurance company and the block of newly issued shares to the former shareholders. The NCFM considers that the court exceeded its powers by removing the regulator from performing its functions of supervision over the participants of the insurance market. The NCFM emphasizes that in similar situations the judiciary approves different decisions (for example, the situation with the former shareholders of Asito, Alliance Insurance Group and Moldasig). “In the current situation, there are risks associated with the corporate governance of Moldasig. Due to dubious transactions and contrary to the requirements of transparency and fairness in relation to shareholders / potential investors, the company will suffer financially and reputationally,” the NCFM statement said. // 23.03.2021 - InfoMarket.
