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The Bucharest Court of Appeal voids the 60,000 lei fine approved by Nicu Marcu

TUDOR CIUREZU - A FIRST VICTORY AGAINST THE ASFThe Bucharest Court of Appeal voids the 60,000 lei fine approved by Nicu Marcu

Andrei Iacomi (Translated by Cosmin Ghidoveanu) English Section / 01 iulie

Daniela Negoiţă, lawyer: "I have proved that the ASF disregarded the dispositions which regulated the administrators' obligation to abstain from voting when involved in a conflict of interest" 

"The conflict of interest was obvious, as the dismissal of the four board members was being requested", the lawyer says

"The ASF will use every legal means to challenge the court of first instance", the ASF said

Bogdan Drăgoi is proposing stock buybacks without any intention to carry them out

Bogdan Drăgoi is proposing stock buybacks without any intention to carry them out

Ioan Mirăuţă (Translated by Cosmin Ghidoveanu)English Section / 01 iulie

Between 2017-2020, at SIF Banat-Crişana the decision was made to buy back 67.5 million shares, but only 5 million have been bought back 

Drăgoi and Lakis have not provided any explanation on why the shares have not been bought back

We are seeing a national level fraud and it is unacceptable that the institutions of the state have yet to take firm measures

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