Senate Standing Bureau approves parliamentary investigation on the Competition Council

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The Senate Standing Bureau has approved on Tuesday the request filed by Daniel Zamfir, chairman of the Economic Committee, to start a parliamentary investigation on the Competition Council regarding the report on investigating the ROBOR manipulation.

“The Competition Council started in 2008 an investigation, closed it in 2013 in a dubious way. At the time, in Europe, eight banks were fined for setting up a cartel to manipulate the EUROBOR. In Romania, at the same time, eight banks were cleaned from accusations, the investigation was closed in a dubious way, although opinions expressed by the inspectors within the Competition Council that evidence has been put away, the offender has been favoured, elements that make us proceed to a careful check on the way that investigation was concluded,” Senator Daniel Zamfir said at the end of the Senate Standing Bureau sitting.

Also on Tuesday, Bogdan Chiritoiu, Competition Council President, said the institution will release to the public the file on the investigation regarding the alleged cartel set up by banks to manipulate ROBOR, in October 2008. CC representatives will attend the Senate hearings afterwards, he said.

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