Romanian court has seized funds of LUKOIL

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Romanian court has seized accounts of the company “Lukoil” at prosecutors’ claim. The total value of seized assets is estimated at € 2 billion.

According to the spokesman of the court, the arrest is connected with the money laundering and tax evasion investigation started last year, when the refinery in the Romanian city of Ploiesti was raided, and accounting documents were seized. At the same time prosecutors attempted to arrest the oil reserves in the city of Constanta, which led to the suspension of the enterprise operations. The Prime Minister of Romania intervened, because 3,500 employees of the refinery could lose their jobs, reported Digi24.

The court order states that assets belonging to Lukoil Europe Holdings Bvatrium Holland (valued at up to € 2 billion) were arrested, reports Reuters.

The investigation concerns the company Petrotel-LUKOIL. The head of the company, as well as several employees, including two citizens of Russia, are suspected.

The investigating authorities of Romania suppose that as a result of violations the state suffered financial loss of more than 1 billion lei (€ 230 million).

Petrotel-Lukoil did not give any official comments yet.

LUKOIL is the third largest player in the Romanian oil market. The company has 300 filling stations across the country.

Source: http://top.rbc.ru/business/09/07/2015/559dc1759a7947541b1ba3fc