Romanian prosecutors conduct searches at one of the largest energy traders in Romania

The Romanian General Prosecutor’s Office and the Directorate for the Investigation of Economic Crime conducted searches at companies part of the Tinmar group on Thursday, November 6, Economedia.ro reported. The company, one of the largest energy traders in the country, is allegedly accused of fraud and money laundering through the artificial manipulation of energy prices.

Searches targeted four companies within the Tinmar group: Tinmar Energy, Lord Energy, Solprim, and Eye Mall, as well as at the administrators of these firms, according to media reports. The companies in the group are accused of trading energy among themselves in order to artificially increase their price and claim higher reimbursements from the state under the price cap-compensation scheme.