Romanian prosecutors conduct searches in case concerning bankruptcy of insurer Euroins

Romanian prosecutors conducted house searches in 12 locations in Bucharest and two in Târgu Mureș on Wednesday, November 26, in a case targeting former employees of bankrupt insurer Euroins. Specifically, the searches targeted 10 individuals who held executive management positions within Euroins, as well as the headquarters of legal entities controlled by the Bulgarian shareholders of the company, according to the press release.

The investigations focus on activity carried out in the period 2017–2023. At that time, Euroins’ Bulgarian owners, together with individuals in the Romanian management and affiliated entities, allegedly “created, conceived, applied, and coordinated various mechanisms to defraud the company’s financial resources.”