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Bucharest
December 7, 2021
BUSINESS

Several political figures investigated over Hidroelectrica fraud

Prosecutors at the Directorate for Investigating Organized Crime and Terrorism (DIICOT) put former economy minister Codrut Seres on trial in a new case file wherein he is charged with concealing illegal operations conducted by the executive leadership of SC Hidroelectrica SA, which resulted in damages of nearly USD 165 M, Mediafax reports. Prosecutors charge Codrut Seres with plotting to undermine and undermining the national economy, DIICOT announced. Among those brought to trial, Hidroelectrica former executives, namely Eugen Pena, former general director, Victoria Geormaneanu, former economic director, George Lavinius Asan, supply director, Nicolae Opris, former head of the Marketing – Supply Department; Traian Oprea, general director, and Georgeta Iosif (economic director). In order to recover the damage, DIICOT prosecutors issued a protective restraint order on several assets including cars, buildings – houses or tracts of land, as well as nearly RON 6 M, EUR 400,000 and USD 200,000 belonging to the defendants. Also investigated are former industry ministry Dan Ioan Popescu and Energy Holding owner Bogdan Buzoianu. The court trial on the 585-volume case file, of which the indictment is three-volume thick, is due to begin at the High Court of Cassation and Justice (Romania’s Supreme Court), in February 2012.

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