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Monday
Jun092014

Prominent Romanian businessman arrested for bribing judges

Dan Adamescu, courtesy of B1TVChannel via YouTubeThe Romanian National Anticorruption Directorate arrested businessman Dan Adamescu Friday, charging him with bribing judges to rule in his favor in court cases.

Prosecutors from the anticorruption agency said Adamescu instructed his lawyer and others to pay bribes of 20,000 euros ($27,200) to two judges in December 2013 who were presiding over several insolvency cases involving his companies.

The judges were arrested on charges of taking bribes last month.

Adamescu, Romania's second-richest businessman according to Forbes' listing last year, owns Astra Asigurari, the largest insurance company in Romania, as well as the Unirea Shopping Center, the Intercontinental hotel in Bucharest, and the IBC Modern office building which hosts the Bucharest Stock Exchange.

He also owns the Rex hotel in the Black Sea resort of Mamaia, the Otel Galati football club, and the Romania Libera, one of the main Romanian newspapers.

Adamescu was turned in by one of his lawyers who later committed suicide by throwing himself in front of the subway, according to Romanian media.

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Julie DiMauro is the executive editor of the FCPA Blog and can be reached here.