Moldova’s Anti-Corruption Center to Check Energocom
MP Vasile Kostiuc has published a response from the Anti-Corruption Prosecutor’s Office. The response says the National Anticorruption Center (NAC) will check Energocom over possible financial misconduct.
Many Moldovans know Energocom from their rising utility bills. In the first half of 2026, the company invested 361 million lei in government securities. The money came from payments citizens made for electricity. Energocom’s management has refused to explain the transactions in detail.
Kostiuc raised the issue during a Jurnal TV broadcast. He questioned company director Evgheni Buzatu and asked how Energocom could use the money this way.
“Since when has Energocom become a ‘currency dealer’? Why didn’t you buy the gas you needed in June, when you had money in your accounts? Instead, you bought government securities,” Kostiuc asked.
His question suggested that the transactions might not have been legal.
Buzatu referred to the matter as a company secret. He said the transactions were “internal treasury matters”. He also refused to reveal how much money the company invested or how long it kept the funds in government securities. The money had come from citizens’ electricity payments.
That exchange took place in September. Since then, Kostiuc has continued to press for answers. He now says he is even more determined to investigate what he describes as questionable trading by Energocom. In a recent video, he raised the issue again:
“Is it true that funds intended solely to ensure Moldova’s energy security were directly or indirectly used to buy government securities?”
Kostiuc believes every leu spent for another purpose means less money available to buy gas or electricity for the winter.
Energocom continues to deny wrongdoing. The company confirmed that it bought government securities between June and September 2026. However, it says it used its own funds, not a €400 million loan from the European Bank for Reconstruction and Development (EBRD). That loan was intended to pay for gas and electricity.
Energocom also gave its own timeline. It says it repaid the first part of the EBRD loan in April. The new funds arrived only at the end of September, after the company had already bought the securities.
Buzatu was not the only person to defend Energocom. PAS MP Radu Marian said investing available funds in government securities is common practice among gas companies. Energy expert Sergiu Tofilat went further. He told Jurnal TV that Energocom carried out the transactions through its subsidiary, Energocom Trading. He said the transactions were legal and even “worthy of praise”.
The National Anticorruption Center must now examine the case. It will need to determine whether the transactions were routine cash management or a threat to Moldova’s energy security, as Kostiuc claims.
So far, investigators have a document signed by prosecutor Marcel Dumbravan on October 8. It refers Kostiuc’s complaint to NAC Director Alexandru Pinzari. The document asks the center to check “alleged violations in the management of the financial resources of JSC Energocom”.
