Energy Holding Company was prosecuted as legal person for tax evasion and embezzlement, judicial sources told Agerpres.
The sources revealed that the company is accused that it would have bought overrated plots of land from a physical person and from businessman Said Baaklini, with the prejudice mounting to over EUR 6 M.
The file would have been disjointed from another case against the businessman investigated by the National Anti-corruption Directorate. The new file is taken over by the Prosecutor’s Office upon Bucharest Court of Appeal.
Police officers from the Economic Criminality Department conducted searches in Bucharest and Ilfov on August 4, when they seized accounting documents from several companies, Energy Holding included.
Preliminary investigations revealed that during 2009, two private companies clenched two purchase agreements for the acquisition of several overrated plots of land. The prejudice caused to the state budget was around EUR 500,000, representing the nonpayment of the corporation tax and of the VAT.
Established in 2000 by Bogdan Buzaianu, the godson of former Social Democrat minister of Industries, Dan Ioan Popescu, Energy Holding used to represent “the flag” of the so-called “energy smart guys”. For about 10 years, up to 2010, 2011, Energy Holding dominated the energy trading market in Romania.
The company is believed of absorbing cheap raw material from insolvent Hidroelectrica, of avoiding the energy stock exchange following a contract with Hidroelectrica.
The Energy Holding business was taken over by Societe Bancaire Privee (SBP) Swiss bank based in Geneva in 2006. Three years later, in March 2009 BV Marken Investment & Trading MIT registered in the Netherlands becomes the majority stockholder, owning 95% of the shares.