PSRM Asked the Constitutional Court to Check the Constitutionality of the “Law on a Billion”

The faction of the Party of Socialists (PSRM) asked the Constitutional Court (CC) to check the constitutionality of the so-called “law on a billion”, with the help of which the authorities transferred into public debt the National Bank's loan to three banks, which covered the billion stolen from them. This was announced by the vice-chairman of the parliament, MP from the PSRM Vlad Batrincea at a briefing on June 18. According to Batrincea, this law “damaged not only the national interests, all citizens of the country suffered from it.” “We consider this law unconstitutional. We ask the CC to clearly state its position on the protection of the constitutional rights of citizens of Moldova. We believe that the Constitutional Court should annul this law, restore constitutional justice and free citizens from paying the stolen money,” Batrincea said. Let us recall that in October 2016, the government of Pavel Filip took under its responsibility the law “On Issuing Government Bonds to Fulfill Payment Obligations by the Ministry of Finance Arising from Government Guarantees of November 17, 2014, April 1, 2015 and October 3, 2016”. The law provided for the transfer of a loan in the amount of 13.6 billion lei to the state debt, which the National Bank at the end of 2014 and the beginning of 2015 issued against government guarantees to three banks - Banca de Economii, Banca Sociala and Unibank, of which a billion dollars were stolen (then about 13.6 billion lei). In December 2020, the parliament approved in two readings the legislative initiative of the deputy from the Party of Socialists (PSRM) Petru Burduja to repeal the “law on a billion.” However, the Constitutional Court declared the draft unconstitutional due to the violation of procedures during its approval. In April 2021, the parliament again repealed the “law on a billion”. But President Maia Sandu refused to promulgate the draft.