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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

RO Parliament votes extended confiscation of wealth gained through crime

Romania's Chamber of Deputies voted unanimously on Tuesday, October 13, the bill to introduce extended confiscation in the Criminal Code.

This means that the unjustified wealth of a criminal sentenced to at least four years in prison, for gaining material benefits through illegal activities, can be confiscated unless legally justified, G4media.ro reported.

The court's conviction may also be based on the disproportion between the lawful income and the person's wealth. Furthermore, "extended confiscation may also be ordered on goods transferred to third parties who knew or could have known that the purpose of the transfer was to avoid confiscation," according to the bill that amends the Criminal Code.

The Senate has already adopted this bill, which was initiated in 2017. The law will be promulgated by President Iohannis unless challenged at the Constitutional Court.

[email protected]

(Photo source: Cateyeperspective/Dreamstime.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

RO Parliament votes extended confiscation of wealth gained through crime

Romania's Chamber of Deputies voted unanimously on Tuesday, October 13, the bill to introduce extended confiscation in the Criminal Code.

This means that the unjustified wealth of a criminal sentenced to at least four years in prison, for gaining material benefits through illegal activities, can be confiscated unless legally justified, G4media.ro reported.

The court's conviction may also be based on the disproportion between the lawful income and the person's wealth. Furthermore, "extended confiscation may also be ordered on goods transferred to third parties who knew or could have known that the purpose of the transfer was to avoid confiscation," according to the bill that amends the Criminal Code.

The Senate has already adopted this bill, which was initiated in 2017. The law will be promulgated by President Iohannis unless challenged at the Constitutional Court.

[email protected]

(Photo source: Cateyeperspective/Dreamstime.com)

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