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November 27, 2021

A manager of Hidroelectrica and an aide of minister Nita, detained by DNA

The Bucharest Court of Law decided yesterday the remand in custody for 29 days of Eugen Bradean and Ioan Mihaila in the bribery file related to selling energy worth approximately EUR 263 million.
Eugen Bradean, trading manager with Hidroelectrica, and Ioan Mihaila, member of the Supervisory Board of the company and aide of minister Constantin Nita, were detained Wednesday evening by the National Anticorruption Directorate (DNA) in a bribe case concerning the sale of energy worth nearly EUR 263 M. According to a DNA communiqué quoted by Mediafax, Mihaila is accused of bribe giving and Bradean of complicity to bribe taking and bribe giving. The two will be taken to the Bucharest tribunal with the proposal to be remanded for 29 days.
According to prosecutors, this month, Ioan Mihaila, in his position of member of the Supervisory Board of Hidroelectrica SA and aide of the delegate minister for Energy promised another member of the Board, the denunciator, the sum of EUR 1.4 M for his vote in favour of the signing by Hidroelectrica of a 4-year bilateral contract for the sale of electricity to a Romania-based company, involving the amount of 7,012,800 MWh (RON 1,157,112,000, approximately EUR 262,980,000), which represent unfavorable conditions for Hidroelectrica.
“The bribe giving promise was made with support from suspect Bradean Eugen, trading manager with S.C. Hidrolectrica S.A and member of the Board of Hidroelectrica SA. The sum promised to be given as bribe was to be dissimulated as a commission contract that would have been concluded between an off-shore company and the firm that was to purchase the energy”, DNA adds.
After the news appeared in the media, Ioan Mihaila was removed from all jobs and the Energy Department of Hidroelectrica also proposed the dismissing of Eugen Bradean. “in the coming days Hidroelectrica will make available to pertinent institutions all the information needed for the completion of the investigation and the Energy Department will fully support authorities during this probe,” the Energy Department announced. According to sources close to the case, quoted by HotNews, Remus Vulpescu, the cabinet chief of the liberal minister of Finance, Daniel Chitoiu, is the denunciator in the case of the EUR 1.4 M bribe for signing an energy sale contract between Hidroelectrica and Energon Power&Gas.
Rejected proposal
The Board of Hidroelectrica rejected the proposal submitted by a member regarding the participation of the company with an offer on the OPCOM exchange for the sale of energy worth almost EUR 263 M, at the request of Energon Power&Gas, considering that the contract would cause significant losses, reads a communiqué issued by Hidrolectrica. According to the source, the Board rejected the proposal with 3 votes against, one abstention and one vote in favor. The communiqué does not mention how each member cast his ballot. The members of the Hidroelectrica Board are Mihail Stanculescu, Aurel Cocos, Eugen Bradean, Mihai Teleanu and Ovidiu Agliceru.

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