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Ex-TV boss, union leader detained in Romania

Ex-TV boss, union leader detained in Romania

Prosecutors have ordered the detention of a former TV boss and a union leader on suspicion they laundered tens of thousands of euros.
Sorin Ovidiu Vantu, until recently the owner of influential Realitatea TV, and union leader Liviu Luca can be held for 24 hours.
Prosecutors say they laundered more than (EURO)83,000 ($114,000) from Petrom Service SA, a company that maintained and repaired gasoline pipes, in which Vantu had shares.
Prosecutors said the pair siphoned money into other ventures, transferring funds to other companies including Realitatea Media SA before deliberately bankrupting Petrom in 2009.
Realitatea TV is critical of the government and Vantu is bitterly disliked by President Traian Basescu. Vantu says charges against him are politically motivated.


Updated : 2021-01-18 12:03 GMT+08:00