Romanian banking fraud group brought in for questioning, alleged EUR 22 mln damages

Romanian prosecutors have started investigating a banking fraud of some EUR 22 million and brought in 100 people for questioning on November 1 morning. Employees from the Economy Ministry and bankers from BCR, BRD and CEC Bank were detained, according to Romania media.

Suspects come from the counties Ilfov, Calarasi and Giurgiu, as well as from Bucharest.

The fraud was allegedly carried out by Aurel Seremet, the director of the National Loans Guarantee Fund, as well as Claudiu Cercel, the vice-president of BRD. Mihai Grigoroiu, Rosu Catalin Ionut and Atanasiu Andrei, employees within the Economy Ministry, are also suspects in the fraud.

They are accused of having illegally obtained from the Economy Ministry, based on forged documents, financing for projects to acquire equipment via companies controlled by the leaders of the fraudulent group.

Adapted from Romania-insider