Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. NYT: Romanian Ex-Minister Suspected of Accepting Renoir as...

NYT: Romanian Ex-Minister Suspected of Accepting Renoir as Bribe

March 28, 2015

BUCHAREST, Romania — Prosecutors detained Romania's previous finance minister Wednesday on suspicion that he took bribes, including gold bars and a painting by French Impressionist Auguste Renoir, when he was mayor of a southern town.

Prosecutors said Darius Valcov had hidden the painting, three kilograms (6.6 pounds) of gold and stashes of cash worth $410,000 in a friend's safe from 2011.

He was detained for 24 hours.

Valcov resigned as finance minister on March 15 after prosecutors charged him with taking 2 million euros ($2.1 million) in bribes when he was mayor. He denies wrongdoing.

In another development Wednesday, a parliamentary vote ruled against lifting the immunity of a Romanian senator from the ruling party who prosecutors say is suspected of corruption.

Senators voted 79-67 in favor of lifting the immunity of Dan Sova, a former transportation minister, but fell short of the 85 votes required.

The vote was criticized by the U.S., British and Dutch embassies in Romania who said the legislature should not prevent anti-corruption probes.

Prosecutors want to arrest Sova on suspicion that as a senator he illegally earned 3.5 million lei ($870,000) as a lawyer in the privatization of several electricity companies in his constituency and destroyed computer files to cover his tracks. He denies wrongdoing.

After the vote, Sova left leadership positions he has held in the ruling Social Democratic Party.

Prosecutors in Romania have launched a series of high-level corruption investigations in the past year.

The text of this article has been partially taken from the publication:
Read in full - click here
Wizz Air to connect Romania’s Brașov to Poland’s Katowice

Wizz Air will add a route connecting Brașov, in central Romania, to Katowice, in Poland, beginning next year, the Brașov International Airport announced. The route will become operational on March 31, 2026, with flights operating every Tuesday, Thursday, and Saturday. In the upcoming winter season, the airline will operate seven routes to five countries from […]

Romanian digitalizing services provider IT Genetics readies IPO by year-end

IT Genetics, a company specializing in digitalizing services, aims to have its shares tradable at the Bucharest Stock Exchange by the end of this year, with the amount to be raised estimated at approximately EUR 2 million.  The ITG group will be listed, not just IT Genetics, which is nevertheless the main pillar of the […]

Radio Free Europe: Romania’s transport minister offered bribes to state employees before becoming a whistleblower

Romania’s current transport minister, the Social Democrat Ciprian Șerban, offered bribes to representatives of a forest district in Iași County as a young businessman in 2012, according to recently surfaced documents and recordings. Șerban gave bribes at least six times before reporting the offense to the National Anticorruption Directorate. He did so only after being […]

World Aquatics Championships: Romanian swimmer David Popovici claims gold in 100m freestyle race in Singapore

David Popovici has won the gold medal in the 100-meter freestyle final at the World Championships in Singapore. It is his second win at the event, after the gold medal in the 200-meter freestyle race two days ago. The Romanian swimmer finished the race with a time of 46.51 seconds, ahead of Jack Alexy, who […]

PPF Real Estate reaches zero level in the construction of ARC, the first office building in Bucharest, explicitly designed for people’s comfort and needs

PPF Real Estate, a global developer and investor with a real estate portfolio exceeding EUR 2 billion, announces the completion of infrastructure works for ARC, its new state-of-the-art office project in the Basarab area. The construction progresses on schedule. Reaching ground level marks, a key milestone in the development timeline. The project is moving forward […]

BRD Groupe Societe Generale Romania sees net profit soar 10% compared to 2024

BRD Groupe Societe Generale, the fifth largest bank in Romania by assets, registered a net profit of RON 764 million (EUR 150 million), up 10% compared to the same period in 2024. The net loan portfolio, including leasing financing, increased by 17.4% during the mentioned period, marking a significant growth in corporate lending by 23.8% […]