ICA case: Dan Voiculescu sentenced to 10-year in prison


Mencinicopschi gets 8 years in prison, Sorin Pantis 7 years.

The Bucharest Court of Appeal on Friday sentenced businessman Dan Voiculescu to 10 years in prison in connection to the case involving the privatisation of the Food Research Institute (ICA). The Court ruling is final.

The Bucharest Court of Appeal on Friday handed down a final 8-year prison sentence on Gheorghe Mencinicopshi, former director general and member of the General Assembly of Shareholders and subsequently of the Board of the Bucharest Food Research Institute (ICA), in connection to the case involving the privatisation of the Institute.

Sorin Pantis, former executive director general of Grivco Voiculescu and Co. Industrial Group SA Bucharest, got 7 years in prison.

In the same case, Corneliu Popa, former director general and chairman of the Administration Board of the State Holdings Agency (ADS), was handed down a final sentence of 8 years in prison.

A 6-year final sentence was given to Jean-Catalin Sandu, manager of SC Benefica SA Bucharest (a company part of the Grivco Group) between Jan. 1, 2002 and Jan. 28, 2005, director of the Legal Department of ADS between Nov. 2001 and May 2005, member in the General Assembly of Shareholders of SC ICA SA Bucharest in Nov. 2003, executive secretary of the Conservative Party (PC) and vice president of the Authority for State Assets Recovery (AVAS).

Vlad-Nicolae Savulescu, former director of the Privatisation-Concession Direction of ADS, got a final sentence of 6 years in prison in the same file.

The Bucharest Court of Appeal also convicted Flavius-Adrian Pop, former member of the ICA Board of Directors to 5 years in prison; Gheorghe Sin, former member of the General Assembly of Shareholder of ICA Bucharest and Constantin Baciu, former representative of the Agriculture Ministry to the ICA General Assembly of Shareholders to 4 years with suspension.

Former auditors at ICA, Alexandru Petre, Grigore Marinescu and Vica Ene got suspended prison sentences of 3 years each.

Dan Voiculescu and twelve other people are tried in the ICA file starting with December 2008. The National Anti-Corruption Department (DNA) prosecutors say the ICA privatization was a fraudulent one by undervaluing the institute’s assets with over EUR 7.7 million. According to the prosecutors the registered prejudice amounts to over EUR 60 million.

Both Dan Voiculescu and Gheorghe Mencinicopshi have turned in on Friday evening to the Ilfov County Police.

Bucharest Court of Appeals decides confiscation of real estate of TV stations Antena 1, Antena 3 and Grivco

The Bucharest Court of Appeals has decided on Friday to confiscate the real estate of the TV stations Antena 1 and Antena 3 of the media group founded by businessman Dan Voiculescu, and of over 29,000 sq m of property where the Bucharest Food Research Institute (ICA) operates. Grivco group of companies is also to be confiscated, along with Voiculescu’s penthouse in Kisseleff St. Valued at EUR 250,000. The court also decided to block the accounts of Dan Voiculescu to recover the prejudice.

Other confiscations ruled by the Bucharest Court of Appeals: USD 3,515,756.4 plus VAT – representing the rent cashed during the renting contract of Grivco with Romtelecom; amounts up to RON 15,000,000 at BRD and up to 5,000,000 at RBS Bank belonging to Dan Voiculescu; his daughter Camelia Voiculescu will have confiscated the amount of RON 2,984,358.3 representing the value of 9,947,861 shares with ICA (donated by Dan Voiculescu); the amount of RON 2,984,358.6, representing the values of 9,947,862 shares with ICA wil be confiscated from Corina Voiculescu – as the shares were donated to her by her father Dan Voiculescu.

 

 

 

PM Ponta: As political leader I will do everything so that Antena 3 journalists can conduct their activities

 

Prime Minister Victor Ponta said on Friday that he has taken note of the Bucharest Court of Appeals decision in the Bucharest Food Research Institute (ICA) case and gave assurances that in his quality as a political leader he will do everything in his power so that Antena 3 journalists can run their professional activity.

‘I have taken note of the decision of the Bucharest Court of Appeals. I do not comment sentences in penal cases, but I want to assure everybody that, as long as I am a political leader and a citizen of Romania, I am obligated to do everything in my powers so that Antena 3/Antena 1 journalists and all journalists in our country, regardless of their editorial policy, can conduct their activity according to the constitutional right to freedom of expression and press independence,’ said Ponta on his Facebook page.

The Prime Minister added that ‘further from the dramatic moments that the families of those convicted are going through’ he is convinced that ‘a free country can exist only if free press exists’.

‘Together with millions of other Romanians I wish and believe that many years to come from now on ‘Antena 3 will be here’!', said Ponta

 

Leave a Reply