Romanian businessman Dan Adamescu, four judges, insolvency practitioners, indicted in bribery case

Romanian businessman Dan Adamescu, who was arrested at the beginning of June for bribing judges, was indicted on Tuesday, June 24. Four judges from the Bucharest Court and six other people were sent to court in this case, Romania’s National Anticorruption Directorate (DNA) announced. Four of the six are insolvency practitioners, and two were business people. The case was sent to the Bucharest Appeal Court as the four judges, currently suspended, had worked at the Bucharest Court. Adamescu is the second richest Romanian with a personal fortune of some EUR 950 million, according to last year’s Forbes Romania rich list. He owns Astra Asigurari, the largest insurance company in Romania, as well as Unirea Shopping Center, Intercontinental hotel in Bucharest, the IBC Modern office building which hosts the Bucharest Stock Exchange, and the Rex hotel in the Black Sea resort of Mamaia. He also owns Romania Libera, one of the main Romanian newspapers. Dan Adamescu is prosecuted for allegedly having bribed two judges in order to get positive decisions in court in two insolvency cases which involved his companies. He gave EUR 15,000 to one judge, Ion Stanciu, and EUR 5,000 to another one, Elena Roventa, the prosecutors said. Judge Mircea Moldovan was also indicted for having received some EUR 6,800, cash and goods, from local businessmen to rule favorably in insolvency cases. He received, among other things, a color TV, a smartphone, a watch, a rug and even timber, the prosecutors said. editor@romania-insider.com