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September 17, 2019

Convicted tycoon Dan Voiculescu asks court to cancel his 10-year sentence

Dan Voiculescu, a formally retired media and business tycoon currently serving a 10-year prison sentence has filed a challenge at the Court of Appeals of Bucharest, asking for the cancellation of the verdict in the case of the privatization of the Foodstuff Research Institute (ICA).

The first hearing of the challenge filed on Monday is scheduled on October 14.

Meanwhile, Voiculescu’s daughters Camelia and Corina are also fighting at the Bucharest Tribunal and Court of Appeals the sequestration of several properties in the ICA case.

The Court of Appeals of Bucharest has issued a definitive sentence of 10 years in prison for Dan Voiculescu on August 8, and also decided the confiscation of several real estate assets of Voiculescu, ‘to be transferred to the property of state, free of any obligation.’


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