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May 18, 2021

Former minister Codrut Seres, final sentence to 4-year imprisonment in Hidroelectrica criminal case

The High Court of Cassation and Justice (ICCJ) has given on Monday a final sentence in the case of former Economy and Trade Minister, Codrut Seres to 4 years imprisonment in the Hidroelectrica criminal case.

A 5-justice panel with the ICCJ has rejected the appeal by Codrut Seres and maintained the sentence given by the trial court in March 2014.

The former minister is already in jail, as he was sentenced in January 2015 to 4 years and 8 months in jail in the case of strategic privatisations.

Also in this file, three members of the former leadership of Hidroelectrica were sentenced to 7 years each: Eugen Pena (managing director), Traian Oprea (managing director) and George Asan (director with Supply Department).

Codrut Seres and the members of the former leadership of the Hidroelectrica state-run company were sent to court by the Directorate for Investigating Organized Crime and Terrorism (DIICOT) prosecutors on 30 September 2011.

Codrut Seres, in his capacity of Economy and Trade Minister has supported the grouping established at the level of the SC Hidroelectrica SA level, by never denouncing and omitting to notify the judicial bodies about the illicit deeds he learned about through his position, ordered changes to the papers made by the Control Body and had not taken the measures required for the activity of Hidroelectrica take place legally.

The prosecutors say the activity of the grouping has endangered the National Power Grid and caused approximately 165 million dollars in damages.

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