Romanian Media Mogul sentenced to 10 years in prison

[ionuttzu]

[quote]The Bucharest Appeals Court gave a 10-year prison sentence in the case of Romanian mogul Dan Voiculescu in a corruption case related to the privatisation of the Food Research Institute (ICA).The historic verdict is final and comes after years of judicial procedures, delays, political maneuvering and media attacks on the judiciary. The case was started in 2008 and a previous court had given a five year sentence in the same case, but it was appealed.
The seizure of several properties as well as RON 5.8 million from Dan Voiculescu’s daughters – who are running his businesses officially now, was also decided as part of the verdict today. Twelve other people also involved in this corruption case received sentences of up to 8 years.
All the companies that Voiculescu controls, directly or indirectly, generate operational income of EUR 150 million, 45 percent of which is produced through the Antena TV stations. At the end of 2012, Voiculescu’s companies had assets of EUR 208 million, according to [URL="http://www.economica.net/ce-lasa-in-urma-dan-voiculescu-condamnat-la_85675.html"]economica.net[/URL].
In 2009, Voiculescu’s fortune was valued at EUR 1.5 billion, however in recent years, official documents show he only has EUR 340-360 million left,[URL="http://www.ziare.com/afaceri/oameni-afaceri/averea-lui-voiculescu-a-luat-o-la-vale-de-la-1-5-miliarde-la-340-de-milioane-de-euro-1273696"] ziare.com[/URL] writes.[/quote]
[URL="http://business-review.eu/featured/romanian-media-mogul-dan-voiculescu-sentenced-to-ten-years-in-prison-68412"]Source[/URL]
Basically the owner of Romania's Fox News got arrested and a big part of his fortune got confiscated. Our anti-corruption agency is ridiculous, even puts some rich countries to shame (Italy*cough*).