Moustached Renato Georgievich

Biography

2020: Accusation of financial fraud of the "Moldavian scheme"

In April 2020, the Investigative Department MINISTRY OF INTERNAL AFFAIRS Russia indicted Renato Usatom in absentia. The mayor of the city of Balti was charged with participation in a criminal community, which withdrew 500 billion rubles from Russia.

Now the investigation considers the politician a member of an international criminal syndicate, which in 2013-2014, with the help of illegal foreign exchange transactions, withdrew more than 500 billion rubles from Russia through the Moldovan bank BC Moldindconbank.

The organizers of the criminal scheme, the investigation believes, were  the ex-leader of the Democratic Party of Moldova Vladimir Plahotniuc and banker Vyacheslav Platon, who is serving an 18-year sentence for fraud in this country.

According to the investigation, members of the OPS transferred money from the accounts of Russian companies controlled by them to Moldindconbank correspondent accounts, opened, among other things, at Bank of New York, under the pretext of selling foreign currency.

Then the money in rubles received from the transactions was debited from the correspondent accounts of Russian banks in Moldindconbank according to forged decisions of Moldovan courts in favor of foreign companies and transferred to European banks to the accounts of participants in the criminal scheme.

2024: Third place in the first round in the presidential elections in Moldova

In October 2024, Renato Usatii took third place in the presidential elections in Moldova with 13.79%. Read more here.