Ascultă Radio România Actualitaţi Live

Businessman Sorin Ovidiu Vântu gets new 10-year prison sentence

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 gets new 10-year prison sentence
Businessman orin Ovidiu Vîntu. Photo: Archive - Agerpres.

Articol de Diana Surdu, 26 Aprilie 2018, 17:00

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

Parliament's weekly agenda
News in English 31 Martie 2025, 15:34

Parliament's weekly agenda

The legislative proposal on tougher penalties for drivers who get behind the wheel after taking drugs will go before senators...

Parliament's weekly agenda
INFOMama app, health information and services for pregnant women and mothers
News in English 31 Martie 2025, 15:33

INFOMama app, health information and services for pregnant women and mothers

The organization "Save the Children" Romania launches on Tuesday, at the Senate, the mobile application INFOMama,...

INFOMama app, health information and services for pregnant women and mothers
Opening ceremony of the multinational exercise "Sea Shield" in Constanta
News in English 31 Martie 2025, 15:33

Opening ceremony of the multinational exercise "Sea Shield" in Constanta

"Sea Shield 25" includes combat sequences that will test the coordination and response capabilities of the...

Opening ceremony of the multinational exercise "Sea Shield" in Constanta
Ilie Bolojan: Thanks to the NATO shield, Romania has become a safe place
News in English 31 Martie 2025, 04:01

Ilie Bolojan: Thanks to the NATO shield, Romania has become a safe place

Romania will continue to contribute to the promotion of global security and democratic values, interim President Ilie Bolojan...

Ilie Bolojan: Thanks to the NATO shield, Romania has become a safe place
The electoral period for by-elections has started in 19 municipalities
News in English 31 Martie 2025, 03:59

The electoral period for by-elections has started in 19 municipalities

The electoral period for the by-elections that will be organized in 19 localities in 14 counties of the country on May 4, on...

The electoral period for by-elections has started in 19 municipalities
Land and property owners will be able to get their registry extracts online for free
News in English 31 Martie 2025, 03:58

Land and property owners will be able to get their registry extracts online for free

Owners of land and real estate will be able to get their land register extracts free of charge at the land registry counter...

Land and property owners will be able to get their registry extracts online for free
Internship at the Romanian Government
News in English 29 Martie 2025, 20:52

Internship at the Romanian Government

Young people interested in how public administration works can apply for a new edition of the internship program at the...

Internship at the Romanian Government
If the current majority coalition remains on the defensive, it will make a serious mistake, says Prime Minister Marcel Ciolacu
News in English 29 Martie 2025, 20:51

If the current majority coalition remains on the defensive, it will make a serious mistake, says Prime Minister Marcel Ciolacu

If the current majority coalition will remain on the defensive, it will make a serious mistake, says Prime Minister Marcel...

If the current majority coalition remains on the defensive, it will make a serious mistake, says Prime Minister Marcel Ciolacu