The Fier Prosecutor's Office has declared incompetence over the 'Bankers Petroleum' file, which has been transferred to SPAK. The decision was made because the investigations revealed the involvement of senior officials, and as a result, the file has been transferred to the Special Prosecutor's Office.

Bankers Petroleum's CEO, Chinese citizen Hongping Xiao, and former director Leonidha Çobo are in prison for this matter, both accused of a VAT fraud scheme and tax evasion. Çobo is also suspected of money laundering.

According to the prosecution, for 20 years, the largest oil extraction company in Albania has evaded taxes, causing millions of euros in damage to the state budget. We recall that the action at “Bankers Petrolium Albania” was carried out by the Fier Prosecution on July 2, which executed 10 security measures while 4 foreign persons are still being sought. It is suspected that the company has made false tax declarations and evaded financial obligations on a large scale.

During the period 2004–2024, the Chinese company is accused of having sold and exported oil worth a total of 532 billion lek, but has declared losses for each year, totaling 11.7 billion.