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Politicians call for tightening savings and loans funds requirements

The recent bankruptcy of a savings fund and the disappearance of around €16 million has once again raised the issue of the need to impose stricter control over the activities of such cooperatives, politicians from three parties told ETV news show 'Aktuaalne kaamera' (AK) Tuesday. ....

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Savings and loan association bankruptcy might hit 1,000 customers

The Estonia Development Savings and Loan Association has filed for bankruptcy, with 1,000 customers poised to lose their investments. Some €16 million has vanished from the association. Customers include former Foreign Minister Urmas Paet who invested €50,000, weekly Eesti Ekspress reports. ....

Eesti Ekspress , Martin Krupp , Martin Sorokin , Loan Association Eesti Arengu Hoiu , Estonia Development Savings , Reform Party Urmas Paet , Loan Association , Foreign Affairs Urmas Paet , Eesti Arengu , Foreign Minister Urmas Part , Savings And Loan Associations , Eesti Arengu Hoiu Laenuühistu ,