Albania’s Central Bank Governor Arrested at Office Over Theft Fiasco

On September 5, 2014, Albania’s central bank governor Ardian Fullani was arrested that evening at his office. Albanian prosecutors charged Fullani with “abuse of office” and theft of more than 713 million lek (US$ 6.63 million) from the central bank’s vaults. The theft was reported during the summer.

Fullani is the 17th Bank of Albania employee to be arrested in the case. Employees who were found by prosecutors to be involved have been fired from the bank and replaced. Earlier, Fullani won a confidence vote in the supervisory board by a sweeping margin.

Appointed Governor in 2004, Fullani was serving his second 7-year term. Replacing Fullani is Elisabeta Gjoni, the bank’s first deputy governor.

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