Romanian Court Gets Prosecutors To Review Rompetrol Case

Romanian prosecutors appealed the ruling, which will be examined by the Bucharest Court of Appeals.

Patriciu, who was charged with seven counts in September 2006, denied any wrongdoing and said prosecutors might abide by the ruling by bringing in “new spectacular and fictional charges” against him.

Alongside Patriciu, the prosecutors have charged 11 other people in the case, which has been postponed over the past year on technicalities.

At the end of March this year, the court ruled SC Rompetrol SA, part of the Rompetrol Group, would be held liable in the civil trial, where prosecutors accused it of allegedly underselling its own stock on the Bucharest Stock Exchange in 2004 in an illegal financial operation, causing investors to lose money.