Romanians rush to bank after savings go missing

[General Veers]

Associated Press

Romanians rush to bank after savings go missing

<!-- HEADLINE --> <cite>Associated Press</cite>, 08.12.10, 05:25 AM EDT

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BUCHAREST, Romania -- About 200 Romanians have rushed to a Dutch-owned bank to check their savings after authorities reported that they received a dozen complaints from people whose accounts had been drained.

<!--Display the nav box on the first page and for the remaining pages display it depending on the value of show nav box on all pages in cms/metadata-->Romanian authorities have started an investigation at a branch of Credit Europe Bank in Brasov, a city in central Romania. Police spokesman Liviu Nagy says bank employees are suspected of siphoning off money from the accounts and transferring it into other accounts.

<!--Display the nav box on the first page and for the remaining pages display it depending on the value of show nav box on all pages in cms/metadata-->Losses are estimated to be 1 million lei (euro240,000). One person reported losses of about euro120,000 (US$156,000). The vice president of Credit Europe Bank Romania, Omer Tetik, said Thursday the bank will reimburse the money and has begun to make payments.