JUDICIAL SOURCES:
BURSA 11.12.2014

ADINA ARDELEANU, LOREDANA DUMITRAȘCU (Translated by Cosmin Ghidoveanu)
 
mărește imaginea
     *  The ASF withdraws Bîlteanu and Lakis' authorizations for serving on the board of directors of SIF1
     *  The prosecutors have also conducted searches at Ioannis Papalekas' residence, in the SIF Banat Crișana case
     *  SIF Banat Crișana has invested 6 million Euros in Papalekas' fund, which then acquired Bîlteanu and Najib el Lakis' stake in Tower Center
       *  UPDATE 12:29 SIF Banat Crișana announces that it has never owned shares in "Globalworth Real Estate Investments"
     SIF1 Banat Crișana announces that it has never traded, owned and does not currently own shares issued by the Globalworth Real Estate Investments fund, according to communiqué published on the website of the Bucharest Stock Exchange.
     The company makes these clarifications in response to the article published by BURSA titled "JUDICIAL SOURCES: < < The money of the SIFs would have ended in the bank accounts of their arrested executives, through Globalworth > >".
     "The information published by BURSA in the aforementioned article about SIF Banat Crișana is completely inaccurate", states the communiqué signed by deputy CEO Teodora Sferdian, which thus invalidates the information included in the report of the DIICOT prosecutors.
      --------------
     *  UPDATE 09:50 The ASF withdraws the authorizations of Bîlteanu and Lakis for holding the positions of members on the SIF1 Board of Directors
     The Financial Oversight Authority (ASF) has decided to withdraw the authorization for serving on the Board of Directors of SIF1 Banat Crișana of Dragoș Bîlteanu and Najib el Lakis, who were arrested preventively in the embezzlement case involving two of the SIFs, according to decisions sent to the Bucharest Stock Exchange (BVB).
     The management of SIF1 is required to summon a general shareholder meeting within 30 days to fill the Board of Directors seats that have remained vacant.
     The ASF has also withdrawn the authorization of Andrei Hrebenciuc to serve on the board of SIF Moldova, as he has been arrested in a case concerning illegal retrocessions of woodland.
     The Board of Directors of SIF2 Moldova has the obligation to summon the General Shareholder Meeting in order to appoint a new director within a maximum of 30 days from the date the ASF passed the aforementioned decision.
     Ioannis Papalekas, one of the most active real estate investors in Romania over the last few years, is being criminally prosecuted in the SIFs embezzlement case which the DIICOT is working on, which has seen so far the arrests of Dragoș Bîlteanu, the CEO of SIF1 Banat Crișana, and Najib el Lakis, member on the Board of Directors of SIF1, and lawyers Nicolae Mergeani and Victor Prodan, as well as stock broker Stere Gardan were placed under legal restrictions pending trial.
     Judicial sources claim that Papalekas is in London, and the prosecutors have subpoenaed him to attend the hearings, after his apartment in Bucharest was searched. The investor is being charged with complicity in embezzlement and with the creation of a criminal group.
     In July 2013, Globalworth Real Estate Investments, set up by Ioannis Papalekas, raised 53.6 million Euros from the AIM market of the London Stock Exchange, money which was going to be invested predominantly on the Romanian market.
     According to some judicial sources, Dragoș Bîlteanu and Najib el Lakis sought to have the Bucharest Tower Center project (of Victoriei Square), which was owned by SC Tower Center International SRL, acquired by Globalworth Real Estate Investments Limited, thus allowing them to appropriate 6,353,400 Euros from SIF Banat Crișana SA, and 4,763,424.11 lei from SIF Muntenia.
     According to the prosecutors' report, in the context of the IPO of the Globalworth fund, Papalekas reached an agreement with Dragoș Bîlteanu, by which the latter would have SIF1 and SIF4 buy Globalworth shares. Globalworth Real Estate Investments later cashed 6,353,400 Euros from SIF Banat Crișana, and 4,763,424.11 lei from SIF Muntenia SA, managed by SAI Muntenia Invest (also controlled by SIF1).
     A stake in Globalworth worth 5.34 million lei appears in the 9-month financial statement of SIF Muntenia, but SIF Banat Crișana did not report a similar transaction.
     In February, Papalekas' fund completed the acquisition of Bucharest Tower Center, of Victoriei Square, for 58 million Euros.
     Ioannis Papalekas owned 50% of that company, while the remaining shares were owned by another company, controlled by businessman Dragoș Bîlteanu. Through the offshore called Pokandro Limited, Bîlteanu had already been paid, at the time of the announcement, six million Euros in cash, out of 11.6 million Euros, as well as 200,000 ordinary shares, at a price of 5 Euros per share, the price at which Globalworth had been listed on the secondary market of the London Stock Exchange. Over 2.5 million ordinary shares became the property of Stanuta Enterprises Limited, controlled by Papalekas.
     Thus, after SIF Banat Crișana invested over 6 million Euros in Globalworth, the same amount entered the accounts of the SIF1 executives, through the offshore company they were controlling, according to the prosecutors' report.
     Papalekas has recently made many acquisitions in Romania, through GlobalWorth (the company he controls), including Nusco Tower, the building which hosted the Volksbank headquarters. Papalekas is nicknamed "The faceless eagle", because he never appears in public. BURSA recently published an impressive picture of him, on Greek island Mikonos, where he bought a club, according to the Greek press.
     The publication quotes Romanian sources which describe Papalekas as "ruthless" in business and capable of "smelling" the profitable opportunities. "In Romania, he is considered a leader of the real estate market", the quoted publication says.
     In the "SIF Banat Crișana" case, the prosecutors have indicted 11 individuals and two companies, as two of the executives of SIF1 Banat Crișana are also being charged with stock market manipulation.
     The prosecutors have also decided to place under legal restrictions Gabriel Filimon, the chairman of SAI Muntenia Invest, Gheorghe Bîlteanu, father of Dragoș Bîlteanu, and Sorin Boldi, member on the Board of Directors of SAI Muntenia Invest.
     *  SIF4 shares, down 2.86%
     Trading in SIF4 Muntenia shares was allowed to resume yesterday, ending the session with a drop of 2.86%, after falling as much as 5% intraday. The Financial Oversight Authority decided, on Monday, to suspend trading in the shares of SIF1 Banat Crișana and SIF4, as a result of the searches conducted by the prosecutors and its employees have also asked the issuers in question to report on what is being done to ensure the good operation of the companies.
     SIF Banat Crișana yesterday stated that, given the arrest of CEO Dragoș Bîlteanu and board member Najib el Lakis, the Board of Directors will meet within the briefest delays to review the situation and to take the necessary measures, according to a communiqué signed by deputy-chairman Ștefan Dumitru.
     "There are currently no elements that would affect the day-to-day operation of the company, as the executive management is ensured by executives authorized by the Financial Oversight Authority, in compliance with the legislation of the stock market and within the limits of competence approved by the Board of Directors of the company", the press release states.
     The representatives of the ASF told us last night that, after the publication of the current report concerning the decision of the Board of Directors of SIF Banat Crișana (announced through the report published by the company), trading in the company's stock may resume, unless any new developments occur.
     The Board of Directors of SIF1 currently has only three members, after two of them resigned: Ali Lakis, the nephew of Najib Lakis, and Adrian Petreanu. The former is also indicted in the prosecutors' cases, as his resignation was handed in just before the searches. 

     * Horia Ciorcilă: "Our connection to the SIF Banat Crișana case is zero"
     Horia Ciorcilă, the president of Banca Transilvania thinks that the investigation concerning the embezzlement at SIF Banat Crișana and SIF Muntenia represents a blow for the Romanian stock market.
     When asked about the effect this investigation would have on Banca Transilvania, given that the two SIFs hold significant stakes in the bank, Horia Ciorcilă said: "We do not know anything more than what has appeared in the press. Our connection to this case is zero. We do not predict any impact on Banca Transilvania. We have no more to say on this matter".

 
 

 
Readers' comments    [ add a comment ] 
Aceeasi sectiune (English Section)
11 DAYS LEFT / TRICKS TO FORCE THE EXTENSION OF THE MANDATE OF THE CEO OF THE BSE
FINANCE MINISTER CONFIRMS WHAT BURSA REPORTED FIVE MONTHS AGO:
GABRIEL DUMITRAȘCU, ABOUT THE INCREASE OF THE PRICE OF ELECTRICITY:
IN THE ROW OF THE DOUBLE STANDARD
CEC BANK CHAIRMAN REACTS TO THE STATEMENTS OF LUCIAN ISAR:
Actualitate - vezi toate știrile mai jos.
Politică, 08:47
UPDATE/
     * ACTUALIZARE 18:58
     Ministrul Justiției Tudorel Toader a sesizat astăzi Inspecția Judiciară, în urma unei discuții cu procurorul general al României, Augustin Lazăr, pentru verificarea conduitei acestuia în legătură cu furnizarea de documente despre ancheta privind alegerile prezidențiale din 2009, potrivit unor surse din Ministerul Justiției.
     * ACTUALIZARE 18:39 Procurorul general: "Nu există dispoziții legale care să permită transmiterea unor fotocopii ale dosarelor penale către o comisie parlamentară"
     * ACTUALIZARE 18:30 Ministerul Justiției: "Refuzul procurorului general de a transmite documente Comisiei nu e în acord cu principiul cooperării loiale dintre instituții"
     ------------
     Ministrul Justiției, Tudorel Toader, a anunțat în această dimineață că va cere Inspecției Judiciare să cerceteze "conduita" procurorului general, Augustin Lazăr, în privința refuzului acestuia de a furniza comisiei parlamentare de anchetă dosarul Ministerului Public privind alegerile din 2009.  detalii
Companii-Afaceri, 19:48
ÎN PRIMUL SEMESTRU DIN 2017:
     Profitul net al societății Antibiotice înregistrează valoarea de 19,2 milioane lei, valoare superioară cu 17% față de semestrul I 2016, iar profitul brut înregistrează o valoare superioară de 20,06 milioane lei, cu 6% mai mare decât valorile estimate în Bugetul de Venituri și Cheltuieli, potrivit raportului semestrial remis Bursei de Valori București.  detalii
Bănci-Asigurări, 19:31
     Banca Națională a României (BNR) anunță lansarea în circuitul numismatic, începând de astăzi, a unui set de trei monede (din aur, argint și tombac cuprat) și o monedă din tombac cuprat, dedicate împlinirii a 500 de ani de la sfințirea bisericii mânăstirii Curtea de Argeș.  detalii
Piaţa de Capital, 18:57
     Indicii de pe Bursa de Valori București (BVB) au închis în teritoriu negativ ultima ședință de tranzacționare a săptămânii, lichiditatea totală fiind de 113,60 milioane de lei (24,83 milioane euro), în creștere față de cea de luni (3,6 milioane euro).  detalii
Piaţa de Capital, 18:57
     Indicii de pe Bursa de Valori București (BVB) au închis în teritoriu negativ ultima ședință de tranzacționare a săptămânii, lichiditatea totală fiind de 113,60 milioane de lei (24,83 milioane euro), în creștere față de cea de luni (3,6 milioane euro).  detalii
Ediții precedente
Newsletter Facebook Twitter YouTube LinkedIn RSS
Jurnal Bursier
11.08.2017
BVB
     * Marcel Murgoci, "Estinvest": "Ședința s-a desfășurat în ton cu ceea ce s-a întâmplat pe piețele externe"
     * "OMV Petrom" și "Banca Transilvania" și-au publicat rezultatele la șase luni
       Ședința de tranzacționare de ieri de la Bursa de Valori București (BVB) a fost una de scăderi, care s-a desfășurat "în ton" cu evoluțiile de pe piețele externe, potrivit domnului Marcel...  detalii
11.08.2017
BURSELE DIN LUME
     Bursele din Europa au urmat un curs descendent ieri, pe fondul persistenței tensiunilor geopolitice dintre Coreea de Nord și SUA, care și-au adresat reciproc amenințări.  detalii
10.08.2017
BVB
     Ședința bursieră de ieri a reprezentat prima zi din această săptămână în care majoritatea indicilor bursieri au scăzut, singurul coș de acțiuni care și-a continuat creșterea fiind BET-FI.  detalii
10.08.2017
BURSELE DIN LUME
     Bursele europene au fost în declin ieri, ca urmare a escaladării tensiunilor dintre SUA și Coreea de Nord, în condițiile în care cele două țări s-au amenințat reciproc.  detalii
09.08.2017
BVB
     * Indicele BET-FI, apreciere de 2,84%
       Indicii BVB au încheiat în teritoriul pozitiv, ședința bursieră de ieri, continuând creșterea înregistrată cu o zi în urmă, pe fondul unor transferuri de 36,08 milioane de lei (7,91 milioane de...  detalii
09.08.2017
BURSELE DIN LUME
     Acțiunile companiilor listate pe piețele din Europa au scăzut ieri, după publicarea unor date dezamăgitoare privind schimburile comerciale ale Germaniei și ale Chinei.  detalii
Cotații Internaționale

Curs Valutar

Curs valabil din data de 16 august 2017
1 Dolar australian...
1 Leva bulgărească...
1 Dolar canadian....
1 Franc elvețian...
1 Coroană cehă...
1 Coroană daneză...
1 Liră egipteană...
1 Euro...
1 Liră sterlină...
100 Forinți maghiari...
100 Yeni japonezi...
1 Leu moldovenesc...
1 Coroană norvegiană...
1 Zlot polonez...
1 Rublă rusească...
1 Coroană suedeză...
1 Liră turcească...
1 Dolar S.U.A...
1 Rand sud-african...
1 Real brazilian...
1 Renminbi chinezesc...
1 Rupie indiană...
100 Woni sud-coreeni...
1 Peso mexican...
1 Dolar neo-zeelandez...
1 Dinar sărbesc...
1 Hryvna ucraineană...
1 Dirham emirate arabe...
1 Kuna croată...
1 Bahtul thailandez...
1 Gram aur...
1 DST...
AUD
BGN
CAD
CHF
CZK
DKK
EGP
EUR
GBP
HUF
JPY
MDL
NOK
PLN
RUB
SEK
TRL
USD
ZAR
BRL
CNY
INR
KRW
MXN
NZD
RSD
UAH
AED
HRK
THB
XAU
XDR
3,0665
2,3385
3,0634
4,0082
0,1755
0,6150
0,2199
4,5737
5,0260
1,5058
3,5171
0,2179
0,4914
1,0696
0,0654
0,4822
1,1045
3,8993
0,2949
1,2304
0,5826
0,0608
0,3418
0,2192
2,8246
0,0383
0,1521
1,0616
0,6185
0,1171
159,2741
5,4834
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
click aici pentru cursurile pieței valutare - istoric
English Section
11.08.2017
     Twenty seven banks haven't paid any profit tax in the last 6 years, which has shaken Minister of Public Finances Ionuț Mișa, as well as some MPs, bankers and even the Governor of the National...  details
10.08.2017
11 DAYS LEFT / TRICKS TO FORCE THE EXTENSION OF THE MANDATE OF THE CEO OF THE BSE
     Considering how many tricks Lucian Anghel, the president of the Bucharest Stock Exchange has tried, in order to extend the term of CEO Ludwik Sobolewski, it would be actually crazy if they...  details
08.08.2017
JACK CUTIȘTEANU, PETPROD:
     The state speculates the economy and household consumers, through Hidroelectrica, CEO, Nucleareletrica and CEH, says Jack Cutișteanu, the CEO of Petprod, referring to the evolution of the price of...  details
03.08.2017
FINANCE MINISTER CONFIRMS WHAT BURSA REPORTED FIVE MONTHS AGO:
     * PNL senator Daniel Cătălin Zamfir asks for a "list of shame" of banks that don't pay taxes
     * According to information obtained by BURSA, between 2011-2015, banks in Romania paid 1.3 billion lei (288 million Euros) in taxes
       Public Finance Minister Ionuț Mișa says that almost three quarters of banks operating in Romania haven't paid profit tax in the last few years. With that statement, the head of the Finance...  details
02.08.2017
GABRIEL DUMITRAȘCU, ABOUT THE INCREASE OF THE PRICE OF ELECTRICITY:
     * Dumitrașcu: "Among other things, we recently even had to import the system services, and system services energy is three times more expensive than that on the Day-Ahead market"
       The price of electricity and its increase on the Day-ahead market (PZU) of the OPCOM exchange keeps causing discontent among the players and specialists on the market and is keeping consumers on...  details
01.08.2017
EUROPEAN MP RAMONA MĂNESCU:
     * "We have asked for clarifications and a position of the Commission on whether the Hungarian initiative complies with the Energy Security Strategy of the European Union and the coordination with BRUA"
       The announcement of Hungarian gas operator FGSZ that BRUA would end in Hungary instead of in Austria was surprising and it didn't come as a result of consultations with its regional partners or...  details
31.07.2017
STOCK MARKET SOURCES:
     Lucian Anghel, the president of the BSE, today summoned the Board of the BSE to discuss the terms of the contract of Ludwik Sobolewski, whose mandate expires on August 21st. According to sources...  details
28.07.2017
IN THE ROW OF THE DOUBLE STANDARD
     * The Minister of Agriculture continues to hide the names of the products that have a double standard and of their producers
     * "The minister of agriculture mismanaged the issue of the double standard of food products", says Costel Stanciu, the president of the APC, who asked for the resignation of Petre Daea
       The results of the tests concerning the double standard, conducted on some of the foods and presented on Wednesday by agriculture minister Petre Daea has raised a series of questions, angering both...  details
27.07.2017
ROW AROUND OLTCHIM
     * Ștefan Vuza made a series of statements lately, saying that Oltchim is not making investments, that are there companies that parasitize Oltchim and that the plant's profit isn't real
     * Oltchim executives: "It can be said that the participation of Chimcomplex in the process for the sale of Oltchim has been made exclusively in order to get access to information that would then be used for the benefit of their own businesses"
     * Piperea: "If, because of these statements, the sale of the distinct blocks of assets fails, then Oltchim will bring a tort liability lawsuit, signed by me"
       At Oltchim there is corruption and there are no parasite companies, lawyer Gheorghe Piperea, bankruptcy trustee of the Râmnicu Vâlcea plant, in response to the statements made over the course of...  details
26.07.2017
SOURCES CLOSE TO THE SITUATION:
     * Sources: "A large segment of the price asked for the Mariott building represents the loan contracted by Grand SRL and guaranteed by the state"
     * Dedeman wants to buy the Marriott complex, according to our sources
     * AFI Europe has announced that Dedeman is scrapping plans to buy AFI 4 and 5
       The Austrians of Strabag are asking for 140 million Euros for the building the Marriott hotel of Bucharest is operating in, according to sources close to the deal.  details
25.07.2017
SPECIALISTS:
     * The BRUA project can no longer be funded, after Hungary announced that it would stop on the Hungarian territory, our sources are saying
       The BRUA pipeline, which was supposed to go through Bulgaria, Romania, Hungary and Austria, will have the same fate as Nabucco, meaning it won't be built, some market specialists think.  details
24.07.2017
CEC BANK CHAIRMAN REACTS TO THE STATEMENTS OF LUCIAN ISAR:
     * (Interview with Mr. Radu Grațian Ghețea, the president of CEC Bank)
     * CEC Bank intends to end this year with a three figure profit
     * CEC Bank chairman: "When the EBA makes moves and finds an easing of interest rates is possible, then that will happen over here as well"
     * Radu Ghețea: "In the case of Romcab, we have begun the foreclosure, we have foreclosed some of the collaterals and we will continue to foreclose on others"
       CEC Bank intends to end this year with a three figure profit, Radu Grațian Ghețea, the chairman of the bank told us in a sizeable interview.  details
22.07.2017
MIRCEA URSACHE, ASF:
     * Ursache: "Romcab is required to file the same reports during its restructuring period as it would during normal operation"
       "Romcab" (MCAB) has the same reporting obligations, during the restructuring period, that it does during its regular operation, said Mircea Ursache, vice-president of the Financial...  details
19.07.2017
MIRCEA URSACHE CONFIRMS:
     * Ursache: "We are asking the market operator to comply with corporate governance"
     * In fact, the investigation targets Lucian Anghel, the president of the BSE, because he is the one that can summon the board
       The Financial Oversight Authority is conducting an analysis of the manner of summoning and unfolding of the Board of Directors of the Bucharest Stock Exchange Mircea Ursache, vice-president of the...  details
17.07.2017
     The Association of Brokers has taken a stand against the exclusion of the BURSA newspaper from the guest list of the official events of the Bucharest Stock Exchange, reported on Friday.  details
.