Businessman Ilie Carabulea and his son released from remand by Sibiu Court

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Businessman Ilie Carabulea and his son Oprea Carabulea, remanded together with five others, in a file of embezzlement and money laundering, were set free by the Sibiu Court, because the arrest warrants have expired, and court adjourned the sentence.
Sibiu Court spokesman, Cornelia Prundariu, said the court decided to postpone the sentence in this file until Friday at 16.00h, after deliberations that lasted until Friday morning at 4.00h.
Businessman Ilie Carabulea and his son, along with other five people were detained by the organized crime prosecutors Wednesday evening.
They are investigated for setting up an organized crime group, for abuse of office, tax evasion and money laundering in the Carpatica Asig file. Ten people are eyed in this case, while other charges also point to forgery, embezzlement and information forgery. The prejudice mounts to RON 70 million.
The prosecutors claim that at the end of 2014, early 2015 Carabulea together with other 4 people set up a criminal group to protect the interests of Carpatica insurance company and to hide it faced serious financial problems. They mainly wanted to avoid its operating permit on the local insurance market being suspended.
Organized crime prosecutors conducted 13 searches in Sibiu, Ilfov and Bucharest at the private places of the suspects and the HQs of several insurance companies on Wednesday.
Carabulea is also eyed in another embezzlement deeds and tax evasion in a file related to garbage collecting with a prejudice estimated to EUR 1 million.
Banca Carpatica registered losses last year of RON 85.4 million, according to the bank’s statement sent to the stock exchange. The loss includes provisions amounting to RON 32.6 million recorded in connection with the non-performing loans portfolio and RON 35 million representing adjustments for depreciation and losses resulting from the revaluation of repossessed assets.
Therefore, at the end of January, businessman Ilie Carabulea and four other shareholders of Banca Comerciala Carpatica (BCC), will sell to Nextebank 20% of the BCC shares, consequently Nextebank will become majority shareholder following a subscription of new shares.
Ilie Carabulea has an estimated wealth of EUR 90 M.

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