Page 182 - Carte Falimentul BIR
P. 182

The International Bank of Religions is still under the control of the liquidator.
               After 18 years from the opening of the bankruptcy procedure, the BIR operates
               and continues to collect claims.

                                            th
               Moreover, as of July 10   2000  -  the  date of bankruptcy initiation-  the BIR
               functioned as a bank, without attracting sources or granting loans.


               The Report of the Banking Deposit Guarantee Fund for 2016 states that until
                               st
               December 31   2015, out of the total assets of ROL 2.130 billion, there was
               collected the amount of ROL 1,740 billion, from which the liquidator had spent
               the amount of ROL 800 billion, representing his own fees, salaries, performance
               bonuses, other liquidation expenses.


               It should  be noted, however,  that during the 18  years since bankruptcy was
               declared, the liquidator also granted facilities and discounts on receivables of over
               ROL 300 billion.

               The same FGDB Report mentions that during 2014-2015 FGDB  recovered
               money from a single bank: the International Bank of Religions.


                                              A natural question arises:


                                                                                       th
                        How is BIR declared in bankruptcy on July 10  2000 when
                                   it does still work today, in 2018 ???!!!
























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