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September 29, 2020

Vintu and Luca sued for bankrupting Petromservice

Businessman Sorin Ovidiu Vintu, trade union leader Liviu Luca, Octavian Turcan (Vantu’s close friend – editor’s note), along with former Petromservice directors Gheorghe Supeala and Zizi Anagnostopol, were sued yesterday for money laundering and defrauding the company. The damages surpass EUR 83.5 M. High Court of Justice (ICCJ) prosecutors claim that in 2005 Liviu Luca indirectly became the majority shareholder of SC Petromservice SA, by buying 49.35 per cent of the company’s shares through Elbahold Ltd (company registered in Cyprus – editor’s note). In this way he controlled Petromservice’s subsequent activity by exercising Elbahold Ltd’s voting right within the shareholders’ General Assembly, a fact that allowed him to appoint close friends within the Administrative Board and in the offices of general manager and financial manager. The investigators thus established that Sorin Ovidiu Vintu, the person that financed the acquisition of the shares, was helping Luca in administering the company. Octavian Turcan played an important role in administering Petromservice by intermediating the defendants’ relationship with the companies that were registered in Cyprus, companies that they were controlling, and with the banks in this country, an ICCJ Prosecutor’s Office communiqué shows, Mediafax informs.

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