Ardian

Albania Charges Former Central Bank Governor

Prosecutors in Albania on Tuesday said they had charged former central bank governor Fullani with dereliction of duty over the theft of some 713 million lek (five million euro) and over the purchase by the bank of a state-owned property in 2010.

Fullani, 60, was arrested on September 2014 but released pending further investigations few weeks later.

Albania Jails Ten Over Central Bank Theft

The Tirana First Instance Court handed down the jail terms on Thursday following a speedy trial.

The ten employees received relatively light sentences following a deal with prosecutors to plead guilty to the charges.

One ex-bank employee, Bashkim Xhilaga, received a suspended sentence, based on his health condition.  

Albania's Parliament Dismisses Central Bank Governor

Lawmakers in Tirana have dismissed Bank of Albania governor Ardian Fullani, who was arrested earlier this week over a sum missing from the central bank's reserve.

The move was backed by an overwhelming majority of 72-6, after the bank's executive board pointed he had posed "a serious threat" to the institution's interests, BGNES wire service has reported.

Bank of Albania governor under pressure after theft probe

Bank of Albania governor under pressure after theft probe

The demand comes after the bank announced employees stole millions over a four-year period.

Civil society in Albania is calling for the Bank of Albania governor to resign after it was revealed that bank employees stole more than $7 million over a four-year period.

Protesters in Tirana Demand Dismissal of Bank of Albania Governor

Several hundred citizens, including journalists, organized a protest Monday in front of the headquarters of Albania's central bank in downtown Tirana.

Protesters demanded the instant dismissal of Ardian Fullani, governor of the bank, due to the theft of around EUR 5 M from a storage facility of the bank.

Albania Central Bank Chief Grilled Over Theft

After a hearing held behind closed doors, the head of the parliamentary commission on economy, Erjon Brace, said the theft had damaged the image of the bank.

“All those responsible for this criminal affair should be thoroughly investigated and brought to justice,” Brace said. “This theft has tainted the image of Albania’s central bank,” he added.

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