Ilan Shor

Ilan Shor

Shor in 2010 (age 22–23)
Born (1987-03-06) March 6, 1987
Tel Aviv, Israel
Residence Moldova
Occupation Financier, banker
Political party Republican Socio-Political Movement Equality

Ilan Shor (or Șor;[1] born 6 March 1987) is a Moldovan businessman. He owns several Moldovan businesses, including a company named Dufremol and the FC Milsami football club. In 2014, he became the chairman of the board of the Saving Bank of Moldova. He has reported in an interview that he started his own business at 13 in a mobile phone shop. He is good friends with another Moldovan millionaire, Gabi Stati.

Personal life

Ilan Shor was born in Tel Aviv, Israel on 6 March 1987, the son of Miron Shor and his wife, Moldovan Jews from Chișinău who had moved to Israel in the late 1970s.[2] The family returned to Chișinău around 1990, when Shor was either two or three years old, and his father went into business in Moldova.[1][2] His father died in 2005.[3] Ilan Shor has been married to the Russian singer Jasmin (who is 10 years older than him) since 2011.[3][4] In addition to Jasmin's son from a previous marriage, they have a daughter, Margarita, who was born in 2012. Currently Jasmin is pregnant again. [4]

The $1 billion bank fraud scandal

Ilan Shor and his group of companies benefited from the fraudulent transactions conducted at the three banks involved in the Moldovan bank fraud scandal. On November 26, 2014 the banks went bankrupt and were later placed under special administration of the National Bank of Moldova. On November 27, the Moldovan Government, headed by Prime Minister Iurie Leanca, secretly decided to bail out the three banks with $870 million in emergency loans, covered from state reserves. This created a deficit in Moldovan public finances equivalent to an eighth of the country's GDP.

In the week preceding Moldovan parliamentary elections, 2014 more than $750 million were extracted from the three banks in just three days, between November 24 and 26. A van belonging to Klassica Force, a company owned by Shor, while transporting 12 sacks of bank files, was stolen and burned on November 27.[5] Records of many transactions were deleted from the banks' computers.[6]|left]]

On January 28, 2015 the National Bank of Moldova hired the U.S. investigative consultancy Kroll to conduct an investigation of the fraud. The auditors reviewed transactions at the three banks with missing funds in November 2014. The report documents how companies tied to Shor gradually took control of the banks and then allegedly issued massive loans to affiliated companies. It concluded the three banks transferred at least 13.5 billion lei to five Moldovan companies affiliated with the Shor group, controlled by Ilan Shor, between November 24 and 26.[7]

In March 2015 Ilan Shor was suspected by the National Anti Corruption Center (NAC) for his work in Saving Bank. On 17 March 2015 he was questioned for 8 hours and Anti Corruption officers seized his personal property. On May 6 2015 Shor was placed under house arrest. As of 2015, Shor was still at large, after a period of house arrest.Despite this, he was allowed to register for electoral race for the mayor of city of Orhei, a contest in which he was successful at the June 14 local government election.[3][8][9]

References

  1. 1 2 Whewell, Tim (18 June 2015). "The Great Moldovan Bank Robbery". London: BBC. Retrieved 18 June 2015.
  2. 1 2 Krasotin, Igor (6 September 2013). "Илан Шор. Биография миллиардера и мужа певицы Жасмин" [Ilan Shor. Biography of the Millionaire and husband of the singer Jasmin]. 1tvnet (in Russian) (St Petersburg). Retrieved 18 June 2015.
  3. 1 2 3 Railean, Diana (6 May 2015). "Moldova's Mysterious Magnate". Prague: Radio Free Europe/Radio Liberty. Retrieved 18 June 2015.
  4. 1 2 "UITE în ce lux trăieşte cel mai tânăr milionar moldovean, Ilan Shor, şi soţia sa, interpreta Jasmin" [Look at the life of Moldova's youngest millionaire, Ilan Shor, and his wife, the singer Jasmin]. Publika (in Romanian) (Chişinău). 14 October 2012. Retrieved 18 June 2015.
  5. ↑ [ http://money.cnn.com/2015/05/07/news/economy/moldova-stolen-billion/]
  6. ↑ "Cine este Ilan Shor, personajul principal din raportul Kroll privind "Furtul Secolului" din Republica Moldova. Omul de afaceri controleaza banci, Aeroportul din Chisinau, televiziuni si un club de fotbal". HotNews.ro (in Romanian). 5 May 2015.
  7. ↑ Tenor_Candu_02.04.15.pdf
  8. ↑ "Did Ilan Shor Take the Missing $1 Billion From Moldovan Banks?". Jewish Business News.
  9. ↑ "Israeli-born billionaire accused in Moldova scheme to stay under house arrest". The Times of Israel.
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