Restart Energy enters pre-insolvency procedure amid cryptocurrency fraud probes involving founder

Restart Energy One, a Romanian provider of renewable energy solutions with two bond issues listed at the Bucharest Exchange, announced in a note to investors that it is entering into a preventive arrangement to avoid insolvency. Its bonds were recently temporarily suspended from trading amid an investigation conducted by prosecutors involving the company's founder, Profit.ro reported.

As of April 22, both bonds are again traded at the Bucharest Stock Exchange.