DIICOT prosecutors conduct searches in embezzlement case involving SIF Banat-Crisana and SIF Muntenia

The DIICOT (Directorate for Investigating Organised Crime and Terrorism) prosecutors on Monday conducted 31 home searches in Ilfov and Arad counties and in Bucharest municipality, in an action aimed at dismantling an organised criminal ring that was seeking to embezzle large sums of money from SIF Banat-Crisana and SIF Muntenia SA Bucharest.

The criminal ring is specialised in committing offences such as capital market manipulation, embezzlement and money laundering.

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