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June 29, 2022

Popa’s extradition okayed by Jakarta authorities

The Indonesian justice minister has authorized extradition of former Gelsor head Nicolae Popa, indicted in Romania for fraud, together with Ioana Maria Vlas. Popa was arrested on December 2 in Jakarta, Mediafax reports quoting ‘Jakarta Globe’. In 2006, Popa was sentenced to 15 years in prison by a Bucharest court. According to Radja Erisman, head of the Jakarta Police taskforce for economic crime investigation the justice minister has approved the extradition request from Romanian authorities. “All that is needed now is President Susilo Bambang Yudhoyono’s approval” sources quoted by Jakarta Globe say.

Nicolae Popa was manager of the Gelsor company and member in the Sov Invest’s trusteeship council, a group that took care of the National Investment Fund (FNI) administration. Gelsor was then known as a financial service group dealing with broker services and with FNI fund transactions. After the FNI fall, a final court decision in June 4 2006 indicted both FNI head Ioana Maria Vlas and Popa to 10, 15 years respectively in jail for fraud, forgery and theft. In the case of Popa, the accusation of forgery was withdrawn.

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