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March 25, 2023

Sibex sues former Chairman of the Board, Cristian Sima

The shareholders of the Sibiu Exchange decided to sue Cristian Sima, the former Chairman of the Board and CEO of the bourse, although during the General Meeting of Shareholders (AGA) the chairman of the session said that Sima caused no material loss and only exceeded the expenses with salary, protocol and airplane trips. Out of the sums taken without justification by the former manager of the company, Cristian Sima, from the card he availed of, which amount to RON 37,645 in total, we must still recover RON 19,748.18. The difference to the total sum has been recovered by now,” reads the report. The difference was withheld from the salary paid to Sima by Sibex, according to sources attending the AGA. On October 12, Sima said on TV that he was in Reykjavik (Iceland), where he took refuge from fear, as he was demanded to give up all his assets after losing the money of investors in the WBS Holding company, which allowed him to trade on foreign markets.

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