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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Israeli businessman Beny Steinmetz gets 5-year jail sentence in Romania

Romania's High Court (ICCJ) on December 17 announced the final sentences in the "Royal Farm'' corruption case, including a final five-year sentence for Israeli businessman Beny Steinmetz.

Prince Paul of Romania, a grandson of King Carol II of Romania, not recognized as a member of Romania's Royal Family, also received a 40-month sentence, G4media.ro reported.

The case is related to the illegal restitution of a large land plot in northern Bucharest (28 hectares), part of the former Royal Farm, and 47 hectares of forest in Snagov to Prince Paul of Romania. Prince Paul had already sold the rights for the two land plots to Steinmetz in 2006.

The prosecutors argued that Paul didn't have the right to claim those assets in the first place. The damage caused by the group who orchestrated this illegal restitution was estimated at EUR 145 mln.

Local businessman Remus Truica, a former cabinet director of prime minister Adrian Nastase, and a key person in this deal, got the highest sentence - 7 years. Tal Silberstein, former political consultant of PM Nastase and PM Calin Popescu Tăriceanu, then a consultant of the Liberal Democrat Party and former president Traian Basescu, also got a 5-year sentence.

Journalist Dan Andronic received a suspended three-year sentence, and the lawyer Robert Rosu was sentenced to 5 years in prison.

The damage in the case amounts to more than EUR 145 million, over EUR 135 mln accounting for the value of the lands of the former Royal Farm located in Băneasa close to Bucharest and almost EUR 10 mln accounting for another plot of land, Fundu Sacului forest in Snagov also close to Bucharest.

andrei@romania-insider.com

(Photo source: Shutterstock)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Israeli businessman Beny Steinmetz gets 5-year jail sentence in Romania

Romania's High Court (ICCJ) on December 17 announced the final sentences in the "Royal Farm'' corruption case, including a final five-year sentence for Israeli businessman Beny Steinmetz.

Prince Paul of Romania, a grandson of King Carol II of Romania, not recognized as a member of Romania's Royal Family, also received a 40-month sentence, G4media.ro reported.

The case is related to the illegal restitution of a large land plot in northern Bucharest (28 hectares), part of the former Royal Farm, and 47 hectares of forest in Snagov to Prince Paul of Romania. Prince Paul had already sold the rights for the two land plots to Steinmetz in 2006.

The prosecutors argued that Paul didn't have the right to claim those assets in the first place. The damage caused by the group who orchestrated this illegal restitution was estimated at EUR 145 mln.

Local businessman Remus Truica, a former cabinet director of prime minister Adrian Nastase, and a key person in this deal, got the highest sentence - 7 years. Tal Silberstein, former political consultant of PM Nastase and PM Calin Popescu Tăriceanu, then a consultant of the Liberal Democrat Party and former president Traian Basescu, also got a 5-year sentence.

Journalist Dan Andronic received a suspended three-year sentence, and the lawyer Robert Rosu was sentenced to 5 years in prison.

The damage in the case amounts to more than EUR 145 million, over EUR 135 mln accounting for the value of the lands of the former Royal Farm located in Băneasa close to Bucharest and almost EUR 10 mln accounting for another plot of land, Fundu Sacului forest in Snagov also close to Bucharest.

andrei@romania-insider.com

(Photo source: Shutterstock)

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