New tax evasion & money laundering case under investigation in Romania, EUR 7 mln damages

The Directorate for Investigating Organized Crime and Terrorism (DIICOT) prosecutors in Craiova searched yesterday the headquarters of various companies in the Ilfov, Dolj, Gorj and Cluj counties, in a case where seven people are suspected of tax evasion and money laundering, with damages worth EUR 7 million. Viable companies within the Succes group of companies were fictionally transferring labor to other companies in the group under judicial reorganization. Because the reorganization plan was not viable - personnel expenses usually exceeded revenues - big debts to social security budget were mounting up to the company's liquidation. The Romanian Intelligence Service (SRI) provided support for DIICOT's investigation. editor@romania-insider.com