Romanian railways fraud plot thickens: three more accused of USD 1.6 mln fraud
After the contract was signed, the company billed CFR some USD 1.6 million, without having actually offered the services in the contract. The case was split from a bigger case involving Mihai Necolaiciuc and others from the CFR management, who allegedly caused a damage of USD 18 million to CFR. Necolaiciuc's trial started in 2008, on account of alleged frauds between 2000 and 2003. In order to be tried in Romania, the former CFR GM was extradited from the US and brought into Romania in 2011. He was freed from detention in January 2012 and is currently on trial.
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