News 03 Dec 12

Romanian Businessman Detained for Corruption

Nelu Iordache, a businessman, has been detained for 29 days in a case involving an alleged EU fund embezzlement.

Marian Chiriac
BIRN
Bucharest

Nelu Iordache, the owner of a low cost airline and of a construction company, has detained under suspicion of embezzling some 5.5 million euros from the EU funds supposed to be used for construction of a highway.

According to the government’s anti-corruption department, DNA, Iordache is also accused of money laundering and faking documents.

The Romanian company had entered into partnership with several Portuguese firms to conduct works on the highway in western Romania.

However, following some conflicts, the Portuguese companies reported their Romanian partner to several institutions, including the European Commission.

Iordache claimed he is innocent, while some political commentators suggest there the accusations could be politically motivated.

Nicknamed the King of Asphalt, Iordache is one of the richest Romanians, ranking 28th in the Forbes rich list, with an estimated wealth of some 150 million euro.

Romania is still considered one of the most corrupt states in the European Union and has made only limited progress in fighting graft and organised crime since it joined the EU in 2007.

It has drawn repeated criticism from the European Commission for its failure to tackle the problem.

But in recent months, the number of high-ranking officials sentenced for graft has increased significantly. Eleven top officials were sent to jail since 2010, including the former Prime Minister, Adrian Nastase, and some other ex-ministers.

Twenty-six mayors and prefects, 24 magistrates and 164 policemen have also been sent to jail, official figures show.

By comparison, no member of government or lawmaker was convicted of corruption between 2002 and 2009.

 

Talk about it!

blog comments powered by Disqus

Related Headlines:

businessman-arranged-croatia-president-meetings-with-trump-s-men-01-19-2017
21 Jan 17

Businessman Bonded Croatia President to Trump Team

US businessman Jeffory Blackard says fruitful meetings he arranged in the US for Croatia's President gave her a head start on most world leaders when it comes to Team Trump.

20 Jan 17

Bosnian Serb Invites to Trump Gala Disputed

20 Jan 17

Birth of Trump Era Divides Balkan Countries

20 Jan 17

Croatian School Removes Anne Frank Exhibition

20 Jan 17

Croatia Accused of Forcing Asylum-Seekers Out

20 Jan 17

Balkan States Eye Their Prospects in Trump Era

Premium Selection

birth-of-trump-era-divides-balkan-countries-01-20-2017
20 Jan 17

Birth of Trump Era Divides Balkan Countries

Right-wing Serbs are euphoric while Romanians and Bosniaks are worried. All over the Balkans, governments and people are watching to see what a new era in US diplomacy brings.

kosovo-s-serbs-feel-frightened-insecure-and-misused-01-19-2017
19 Jan 17

Kosovo’s Serbs Feel Frightened, Insecure and Misused

Serbs in Kosovo say that the recent ‘propaganda train’ dispute between Belgrade and Pristina left them worried about their security and fearful that they are being used as political pawns.

18 Jan 17

Serbia Urged to Build on Results of 2016

17 Jan 17

Dodik’s Secession Talk Keeps Bosnia on Edge

17 Jan 17

Young Albanians Strike Gold in the Emirates

Latest News from the Balkans

20 Jan 17

Bosnian Serb Invites to Trump Gala Disputed

20 Jan 17

Croatian School Removes Anne Frank Exhibition

20 Jan 17

Croatia Accused of Forcing Asylum-Seekers Out