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Arben Meskuti |
Meskuti remains in pretrial detention under suspicion of orchestrating a large-scale microcredit fraud scheme, deceiving thousands of indebted citizens. He is the owner of several financial companies that allegedly operated as pyramid schemes, local media say.
Origins of the Criminal Proceedings
The criminal investigation into the microcredit fraud began in February 2020, following a complaint filed by the Ministry of Justice with the Tirana Prosecutor's Office. The investigation revealed that five financial companies—Micro Credit Albania, ADCA, SHP Zig, FS, and FLASH—had acquired 3,999 bad loans from a second-tier bank, accumulating a total debt of approximately €7.3 million.
Transfer of the Case to SPAK
In December 2024, the Tirana Prosecutor’s Office declared lack of jurisdiction over the microcredit case and transferred it to the Special Anti-Corruption Prosecution Office (SPAK), which now leads the investigation.