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August 1, 2021

Surprising verdict: Necolaiciuc acquitted by court

The Sector 1 Tribunal yesterday acquitted the former general manager of CFR, Mihai Necolaiciuc  in a case that had him charged for a fraud of EUR 2.7 M, in relation to the purchasing of goods in a project of reconstruction of the infrastructure damaged by the floods of year 2000, Mediafax reports. The court dropped the charge of using the loan guaranteed from public funds to other purposes than those it was granted for, in order to obtain for him and for others money, goods or other undeserved benefits. The Sector 1 Tribunal also revoked the preventive measure that had been ordered in the case of Necolaiciuc, which prevented him from leaving Bucharest. The court also lifted the sequestration instated by the DNA on 28 July 2009 on the assets and liabilities of the businessman. In her turn, Viorica Olaeru, former head of the Economic Department of CN CFR SA was acquitted yesterday by the Tribunal of Sector 1. The verdict is not final and can be challenged in a higher court.
The prosecutors of the National Anticorruption Directorate, on 12 May 2011, formally indicted Mihai Necolaiciuc, former general manager of Compania Nationala de Cai Ferate CFR (CNCFR), in his fourth file that has him accused of embezzlement. Co-defendant in the same case was Viorica Olaeru, former head of the Economic Department of CNCFR during 26 November 2001 — 10 October 2003. The two were charged with misuse of loans guaranteed from public funds to other purposes than those they were extended for, or which can be repaid from public money, in continued form (66 material acts). According to prosecutors, in the year 2000 Romania signed with the European Investment Bank (EIB) a contract of financing for the ‘Project of reconstruction for removing the effects of floods,’ which aimed at rebuilding the infrastructure damaged by floods in year 2000 and before. In order to recover the losses, prosecutors placed under sequestration the assets belonging to the two defendants, in Romania and abroad. At the demand of prosecutors, in 2009, the Tribunal of Sector 1 Bucharest issued remand warrants and international search warrants for Necolaiciuc. On 22 June 2009, the former chief of CFR was arrested by the judiciary authorities of the USA for illegal stay on US soil. He returned to Romania in 2011, 6 years after he left the country, escorted by the Interpol National Bureau of Romania.

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