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This is the final decision of the Bucharest Court of Appeal, for embezzling the patrimony of SNP Petrom Association of Employees.
Businessman Sorin Ovidiu Vântu, currently serving a prison sentence, received a new 10-year prison sentence on Thursday, as a final decision of the Bucharest Court of Appeal for embezzling the patrimony of SNP Petrom Association of Employees.
Former union leader Liviu Luca has also received a 10-year prison sentence.
The two were sued in January 2014 by prosecutors from the Directorate for Investigating Organised Crime and Terrorism (DIICOT). According to them, Sorin Ovidiu Vântu, Liviu Luca and Octavian Ţurcan initiated and set up an organized criminal group in 2005-2006 that aimed at obtaining funds from the assets of the SNP Petrom Employees Association.
In 2017, Sorin Ovidiu Vântu was sentenced to eight years in prison in a case related to the fall of the National Investment Fund (FNI), and in 2016, he and Liviu Luca received a sentence of six years in jail for money laundering related to the bankruptcy of former Petroservice. Vântu’s first conviction was in 2012, when he blackmailed business partner Sebastian Ghiță.
Source:RRA.Translated by Miruna Matei
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