The Tartu Savings Cooperative's board has appealed a local court's rejection of its rehabilitation application, but internal divisions have emerged as the board member and legal advisor Raigo Sõlg filed for bankruptcy, arguing that rehabilitation is no longer feasible due to the critical circumstances surrounding the cooperative. This situation has escalated with the initiation of a criminal investigation into the cooperative's activities over previous years, suggesting serious financial and operational misconduct within the organization.

Despite the turmoil, Sõlg expresses hope that if rehabilitation were successful, it could still satisfy depositors' claims. However, he casts doubt on the feasibility of a viable turnaround given the complexities introduced by the criminal case, highlighting a tension between the board's optimism for recovery and the harsh reality of the legal scrutiny they face.

As development continues, the situation poses significant implications not just for the cooperative's future but also for its stakeholders, including depositors and employees. The outcome of the court's review and the ongoing criminal case will play a crucial role in determining the cooperative's operating capacity and financial health moving forward, underlining the broader impact on public trust in financial institutions during such crises.