Sorin Ovidiu Vantu
Romanian Tycoon Receives Third Graft Sentence
A Romanian court jailed business tycoon Sorin Ovidiu Vantu for 10 years and six months on Thursday for embezzling funds from the Petromservice oil company employees association during 2005 and 2006.
- Read more about Romanian Tycoon Receives Third Graft Sentence
- Log in to post comments
Head of Romanian Chamber of Commerce Jailed
A Bucharest court on Thursday jailed Mihai Vlasov, president of the Romanian Chamber of Commerce, CRCI, for five years after he was caught red handed receiving a 200,000 euro bribe.
The money he received from a businessman was allegedly the first tranche of 1 million euro - payment for his intervention at the Court of Arbitrage, which works under the CRCI's umbrella.
- Read more about Head of Romanian Chamber of Commerce Jailed
- Log in to post comments
Sentences in Petromservice case: Vantu gets 6 years and 2 months in prison, Luca 6 years
Businessman Sorin Ovidiu Vantu was sentenced on Monday by the Bucharest Tribunal to six years and two months imprisonment in the case of Petromservice bankruptcy, while unionist Liviu Luca got 6 years in prison.
In the same file, businessman Octavian Turcan (a friend of Vantu) got a sentence of nine years in prison.
The ruling is not final and can be appealed.