POLITICS

Ex-CFR chief Mihai Necolaiciuc sentenced to 10 years in orison

Ex-CFR Manager Mihai Necolaiciuc was sentenced by the District 1 Court to 10 years in prison for abuse of office, but the decision is not final.

According to the Court decision, Necolaiciuc received two sentences – one of ten years and a second one of seven years of imprisonment – whitish were merged with a third sentence of  four years and six months handed down in a different case. Necolaiciuc will serve the longest sentence – 10 years.

Necolaiciuc’s accomplices – people on the former management of CN CFR or heads of department – were also convicted in the same case.

The Court kept the freezing order concerning one of Necolaiciuc’s properties consisting of three rooms and situated in Campulung Moldovenesc, bank accounts and assets of the co-defendants.

The decision is not final and may be appealed against before a higher Court.

The former Managing Director of the Romanian National Railways Company (CN CFR) from July 2000 to October 2003, Mihai Necolaiciuc, was prosecuted by DNA in February 2008 for abuse of office and using bank loans for other purposes, by which he caused a damage of over EUR 18 M.

 

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