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Criminal scandal/ Raiffeisen Bank hid Bankers' money so the state could not collect the debts
2026-01-22 20:55:05 / AKTUALITET
Raiffeisen Bank in Tirana hid Bankers Petroleum's money through a cunning maneuver in order to prevent the government and other private creditors from collecting the Chinese company's unpaid debts.
The serious scandal, which is now part of the SPAK file, also makes one of the largest banks in the country an accomplice in the criminal scheme set up by the Chinese executives of Bankers Petroleum to disappear Albanian oil money, leaving behind a mountain of debts.
Due to its large debts, Bankers Petroleum could practically not use any account to make payments in Albania, as the money would be immediately seized by both taxes and other entities to which Bankers has unpaid obligations.
But while the state and bailiffs were running around in vain with court decisions and execution orders in hand, Bankers and Raiffeisen set up a sophisticated scheme to hide the Chinese company's money. Everything was done through an overdraft that Raiffeisen opened for the Bankers company.
Bankers used Raiffeisen's overdraft to make payments in Albania and after spending a certain amount of money from this overdraft, she replaced it by transferring money from her account in Vienna, but always taking care that the overdraft never went into a positive figure.
And the overdraft limit was $9 million, which allowed the banker to make payments freely without fear of being seized by the IRS or other creditors.
Because an overdraft is practically a debt, the legislation in force does not allow its blocking or execution. This is because the money is considered to belong to the bank and not to the entity to which the overdraft was opened.
But the diabolical scheme was discovered by numerous bailiffs who were trying in vain to execute money from Bankers on behalf of creditors. Altin Latifi addressed an official letter to Raiffeisen Bank, informing it that what it was doing was illegal and practically a criminal offense.
"You are aware that Bankers Petroleum has recently lost arbitration cases regarding obligations to the state, which the latter is unable to execute due to the unlimited assistance you are providing," the bailiff writes to Raiffeisen Bank, reminding them that this was a clear violation of Article 320 of the criminal code and constituted a criminal offense, punishable by imprisonment.
Finally, he warned Raiffeisen that if it did not stop the illegal transactions, he would notify all law enforcement agencies.
The involvement of banks in schemes that harm the public interest due to corrupt dealings by their executives is one of the most serious financial scandals. This is why countries strictly regulate the banking system with laws.
Raiffeisen's maneuver with Bankers with the overdraft has continued for a long time, even after it was discovered. Just a short time ago, the bank closed the overdraft after the issue of the famous 120 million euro customs fine erupted./ Kapitali
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