Romanian Businessman Acquitted Of Using False Documents

The court’s decision can be appealed before the Bucharest Court of Appeals.

 

Vantu, owner of a television news channel in Romania, was sentenced to two years in prison back in 2005 for using false documents that allowed him to gain majority shares in the former Investment and Development Bank, or BID.

 

Vantu was also sentenced to pay 150,000 lei (EUR1-RON3.8391) in court costs.

 

The Romanian businessman, who denied any wrongdoing, appealed the decision.

 

The Investment and Development Bank went bankrupt in 2002.