Romanian Prosecutor General Asks President To Order Investigation Of Former Privatization Minister

In a High Court of Justice statement issued Monday, prosecutors said Musetescu is guilty of abuse of position and intentionally under-appraising goods belonging to firms in which the state has stakes. Musetescu allegedly committed the latter act during the privatization of SC Alro SA Slatina and SC Alprom SA.

According to prosecutors, “there are clues that the state’s stake in the two companies was under-appraised, in the absence of a competitive environment, through the changing of the privatization strategy, lack of transparency and granting the minority shareholder freezing rights.”

The prosecutor general’s request is addressed to the President of Romania, given the fact that Musetescu was a member of the Government at the time he allegedly committed the acts he is accused of.