Romania's Pro-Russian Ex-Presidential Candidate Investigated for Fraud, Media Reports
Prosecutors say the suspects sought cash guarantees for foreign loans and left one victim with more than €1.1 million in losses.
- On Monday, Romanian investigators intercepted former presidential candidate Calin Georgescu for questioning as DIICOT searched five properties in Bucharest, Mogooaia, Ciolpani, and Buftea in an organized crime investigation involving an alleged €1.1 million fraud scheme.
- Prosecutors allege that since 2021, the group convinced a businessman to transfer funds by promising a €6 million loan, then demanded additional guarantees totaling €100,000 to increase it to €15 million; the financing never materialized.
- The victim allegedly suffered total losses exceeding €1.1 million, with Romanian Police and Criminal Investigations Directorate executing search warrants across four locations as part of the coordinated operation.
- Hundreds of Georgescu supporters gathered outside DIICOT headquarters in protest, while George Simion, head of the far-right Alliance for the Unity of Romanians , condemned the operation as politically motivated.
- This fraud probe coincides with a separate trial in which Georgescu faces charges of attempting to act against the constitutional order, with the next hearing scheduled for Monday, Sept. 28.
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111 Articles
Observador
Correio da ManhãCalin Georgescu was arrested for suspicion of financial crimes and transported home in the town of Mogosoaia. Ultranationalist politician must be questioned this Monday in Bucharest.
Romania's pro-Russian ex-presidential candidate investigated for fraud, media reports
Romanian authorities are conducting searches at addresses linked to Calin Georgescu in connection with an alleged 1.1 million euro ($1.3 million) fraud scheme, Romanian media reported.
Romanian police arrested former pro-Russian presidential candidate Călin Georgescu on Monday. The same day, they searched five properties, including Georgescu's home in Mogoșoaie, as part of an investigation into a fraud that allegedly caused losses of 1.1 million euros (26.8 million crowns).
In Romania, law enforcement agencies are conducting searches at the home of a former presidential candidate, Kelina Georgescu, and the investigation links him to the case of an organized criminal group and fraud.
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