President Igor Dodon’s first legislative initiative to repeal the law that transforms the loans provided to three banks under state guarantee into public debt wasn’t supported by Parliament on March 10. In protest, the Socialist parliamentary group left the sitting, IPN reports.

The informative note to the bill says the law aims to eliminate the additional fiscal pressure exerted on the population and economy of the Republic of Moldova, to ensure the efficient use of the financial resources accumulated by the state in the form of taxes in the interests of the people and to prevent the substantial augmentation of the public debt.

In the debates in Parliament, Liberal-Democratic MP Iurie Tap said the Lib-Dems insist on the clarification of the banking fraud. The government didn’t take the necessary measures to show that the persons to blame are held accountable, while the damage is not recovered. President Igor Dodon should have come to Parliament with a frank message to show that his actions are honest and are not electoral in character.

Liberal MP Ion Apostol said this initiative is a farce and those who took part in those big thefts now pose as defenders of justice.

When put to the vote, the President’s initiative was supported by only 31 MPs. The Socialists left the sitting to show their disagreement.