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Ponzi scheme plotter Nicolae Popa closer to extradition

The Indonesian Justice Ministry has finalised the file on Nicolae Popa’s extradition and the documents were sent to the Indonesian president, who will sign a decree, the Indonesian Embassy to Romania told Mediafax on Tuesday. Once the decree is signed, the document will be sent to Romania via diplomatic channels, the embassy added.


Popa was sentenced to prison in Romania for his involvement in a Ponzi-scheme that left thousands of people without their savings when an investment fund managed by him collapsed. He was recently found in Indonesia and Romanian authorities are waiting for his extradition, to have him serve his jail term.


Recently, the Bucharest City Court announced that it would seek to hear Popa via videoconference, in a case in which businessman Sorin Ovidiu Vintu is tried on charges of aiding and abetting an offender. More specifically, Vintu is accused of having helped Popa with various amounts of money while the latter was hiding in Indonesia. Vintu also stood trial in the same Ponzi scheme case but he was acquitted of all charges. The Indonesian embassy said it had no knowledge of the Romanian court’s request to interview Popa by videoconference.

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