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Romanian Court Sentences Businessman Corneliu Iacobov To 7 Years In Prison For Fraud

The Bucharest Court of Appeals sentenced Corneliu Iacobov and Toader Gaurean to seven and six years in prison, respectively, for defrauding the RAFO Onesti oil refinery.
Romanian Court Sentences Businessman Corneliu Iacobov To 7 Years In Prison For Fraud
Adelina Dragomir
18 nov. 2010, 15:42, English

The Court also sentenced Marin Marin to seven years in prison, for abuse of office, and acquitted Liliana Luchian and the other defendants, charged with money laundering.

Iacobov, Gaurean and Marin have been ordered to pay 18,455,220.26 lei (EUR1=RON4.2960) to RAFO and RON7,000 each in court expenses to the state. RAFO, the appealing party, must pay RON1,000 in court expenses as well.

The ruling may be challenged before the Supreme Court.

In 2005, prosecutors indicted Iacobov, Gaurean, Luchian and Marin on charges of abuse of office, money laundering, criminal organization and false testimony, respectively. They were acquitted in 2008 by the Court of Bucharest, on the grounds that their alleged crimes are not stipulated in criminal law or do not exist. The ruling was challenged by the prosecutors.