Real estate scandal Nordis gets political dimension in Romania ahead of elections

Two other companies of the Romanian real estate development group Nordis declared insolvency at the request of their owners on November 18, amid a scandal involving the whole group that allegedly sold multiple times its apartments in a fraudulent scheme with a political side given the group owners' alleged ties with the Social Democratic Party PSD.

Laura Vicol, the wife of Nordis group owner Vladimir Ciorba and an influential member of PSD, has recently resigned from her position as head of the judicial committee in the Chamber of Deputies, claiming unfair allegations.