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Romanian Rompetrol Case Could Be Sent To Constitutional Court

Attorneys in the case of Dinu Patriciu, the chief executive of Dutch-registered oil company Rompetrol, requested Wednesday the suspension of trial and the file might be sent to the Constitutional Court to clear certain aspects in the Criminal Procedure Code and Capital Market Law.
Romanian Rompetrol Case Could Be Sent To Constitutional Court
04 feb. 2009, 15:03, English

A decision in this respect is pending from the Bucharest Court.

Attorney Gheorghita Mateut raised an exception of unconstitutionality Wednesday regarding tapping minutes and articles of the law regulating the capital market. Mateut said the respective texts in the law breach the Constitution because some of the facts in the file are ambiguous and breach the right to fair trial.

Patriciu was indicted in September 2006 on seven counts, including charges of money laundering, tax evasion and stock market manipulation.

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 2008, 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.