Fugitive Moldovan oligarch implicated in $1 billion bank fraud detained in Greece

Vladimir Plahotniuc addresses a rally in Chisinau, Moldova, in 2019. (AP/File)
Short Url
Updated 22 July 2025
Follow

Fugitive Moldovan oligarch implicated in $1 billion bank fraud detained in Greece

  • Vladimir Plahotniuc fled Moldova in 2019 as he faced a series of corruption charges
  • The Greek police unit tackling organized crime said Interpol was seeking Plahotniuc on suspicion of participating in a criminal organization

CHISINAU: A fugitive Moldovan oligarch implicated in a $1 billion bank fraud and other illicit schemes was detained Tuesday in Greece, Moldova’s national police said.

Vladimir Plahotniuc fled Moldova in 2019 as he faced a series of corruption charges including allegations of complicity in a scheme that led to $1 billion disappearing from a Moldovan bank in 2014, which at the time was equivalent to about an eighth of Moldova’s annual GDP.

Plahotniuc has denied any wrongdoing.

Moldovan police said in a statement they were informed by Interpol’s office in Athens that two Moldovan citizens had been detained, including Plahotniuc, who was placed on Interpol’s international wanted list in February. Authorities did not name the other detainee.

The Greek police unit tackling organized crime said Interpol was seeking Plahotniuc on suspicion of participating in a criminal organization, fraud and money laundering.

Moldova’s Ministry of Justice and Prosecutor’s Office are in the process of exchanging information to begin seeking extradition of Plahotniuc and the other detainee, a government official told The Associated Press.

Plahotniuc, one of Moldova’s wealthiest men, fled to the US from Moldova in June 2019 after failing to form a government with his Democratic Party.

The US declared him persona non grata in 2020 and his whereabouts were unknown for years.

The powerful businessman and politician was added to a US State Department sanctions list in 2022 for alleged corruption. The charges included controlling the country’s law enforcement to target political and business rivals and meddling in Moldova’s elections.

He was added to a UK sanctions list in 2022 and barred from entering the country. His assets were frozen in the UK and its overseas territories.


New ‘superfood’ transforms livelihoods in India’s rural east

A farmer harvests makhana, or lotus seeds, in Kapchhahi village in India’s eastern state of Bihar. (Mahesh Mukhia)
Updated 5 sec ago
Follow

New ‘superfood’ transforms livelihoods in India’s rural east

  • Known as fox nut or lotus seed, makhana is rich in protein, dietary fiber, minerals
  • Most of the world’s makhana production is in Bihar, one of India’s poorest states

BIHAR: Wading through knee-deep, stagnant water, Mahesh Mukhia plunges his hands into the mud, pulling up handfuls of sludge that he and others toss into a large, partially submerged basket.

After a while, they shake the basket to drain away the water and debris. What remains is makhana — round black seeds that have lately gained popularity as India’s new superfood.

A regional Indian snack, also known as fox nut or lotus seed, makhana is the edible seed of the prickly waterlily. The plant grows in freshwater ponds and wetlands in southern and eastern Asia.

After makhana seeds are handpicked from pond beds, cleaned, and sun-dried, they are roasted at high heat so their hard black shells crack open and release the white, popcorn-like puffed kernels, which are eaten as snacks or used in dishes.

It has long been known for its nutritional value — high in plant-based protein and dietary fiber, the seeds are also rich in minerals and gluten-free — which over the past few years have helped it gain global attention and are transforming farmlands in Bihar, one of India’s poorest states.

“Earlier, people were not researching it but now, after research, makhana’s nutritional values have been highlighted. Now this is a superfood. That’s why demand is growing everywhere,” said Mahesh Mukhia, a farmer in Kapchhahi village in Bihar’s Darbhanga district, whose family has been harvesting the seeds for generations.

“The difference is that my forefathers did farming in a traditional way, but we’ve learnt to do it in a scientific way,” Mukhia told Arab News.

“There is Bhola Paswan Shastri Agricultural College in the neighboring Purnea district. I went there for training. After I started practicing farming the way I learnt, the yield increased by more than 30 percent.”

Makhana farming is highly labor-intensive, starting with the cultivation of water lilies in shallow ponds. The plants require constant monitoring as they are sensitive to water levels and pests.

Harvesting takes place between August and October. Workers pluck the seeds by hand and then dry them under the sun for several days before they can be processed.

The processing and roasting of makhana also require significant effort. The dried seeds are first de-shelled by manually cracking them, followed by multiple rounds of roasting to make them crisp.

Whole families are involved in the production, which has been expanding since 2020, when the state government introduced the Makhana Development Scheme.

Besides training in farming and processing, growers who cultivate fox nut receive $820 per hectare.

“The rate has also gone up. The makhana that we used to sell at 200-300 ($2-$3) rupees per kg is now selling at 1,000 ($12) or 1,500 rupees per kg,” Mukhia said.

“Makhana farmers are now making a profit. Those who are growing makhana are earning well, those who are popping it are also doing well, and those involved in trading are making profits too. We are getting good demand from everywhere. I just received an order for 25 tonnes recently.”

Bihar currently produces over 85 percent of India’s makhana and accounts for most of the world’s production, according to Ministry of Commerce and Industry estimates.

According to reports by the Indian Brand Equity Foundation and the Agricultural and Processed Food Products Export Development Authority, India accounts for roughly 85 to 90 percent of the world’s production.

Farmland where the crop is grown has increased many times over the past decade and can now be compared to the area covering half of New York City.

More than 600,000 people are involved in the makhana industry in Bihar, according to Niraj Kumar Jha, Darbhanga district’s horticulture officer.

“Earlier, we were cultivating 5,000 hectares in the Kosi and Mithlanchal regions. But now it has expanded to 35,000 hectares, and with many supportive schemes, farmers are increasingly encouraged to grow makhana,” he said.

“We are strengthening our marketing channels. We’ll reach the metro cities as well as world markets ... We can see that makhana is growing very popular, not only in India.”