Moldova accuses tycoon of involvement in $1 billion fraud

Moldova's Prosecutor General said on Monday that one of the country's richest people, Vladimir Plahotniuc, had been charged with involvement in the theft of $1 billion from Moldovan banks in 2014-2015. Plahotniuc left Moldova for the United States last year after his Democratic Party lost power in an election. The scandal triggered street protests, the International Monetary Fund and the European Union froze aid, the leu currency plunged to record lows and inflation climbed into double digits.

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