Villa intended as art gallery by ex-Finance minister put up for sale

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The villa where the former Finance minister Darius Vâlcov, prosecuted for corruption crimes, intended to set up an art gallery, was put up for sale for EUR 1.85 M (VAT excluded) on a real estate website. The house is also for rent in exchange for EUR 8,500 per month, without VAT.

Villa Raphael is located on 16 Stockholm street in Bucharest. It is owned by Rupiah private company, which was assigned the green maintenance services in Slatina in Olt county while Darius Vâlcov was mayor there.

The former Finance minister planned to open an art gallery there and to display the paintings bought with the money received as bribe. The paintings have been seized by the anti-corruption prosecutors.

The description posted on the real estate website reads that ‘the neoclassic-styled, elegant villa is located in an exclusivist area in Bucharest, the Dorobanți district and is ideal for the residential or office segment.’

The villa has a basement, attic and four floors on some areas ranging from 100.68 sqm to 187 sqm. Two three-room apartments are found on the ground and first floor, while the second floor is hosting a 100-sqm apartment with two rooms. The third floor and the attic are occupied by a five-room duplex.

Darius Vâlcov was taken in custody on April 2, he was indicted by DNA for influence peddling, money laundering, conducting financial transactions as trade acts incompatible with the office in continued form. However, he heas been released from jail at the end of June and is tried while free, under judicial control.

According to anti-corruption prosecutors, during November-December 2012, Valcov asked a company’s owner RON 2.5 million representing a percent of 10-15 % out of the sums cashed by the businessman’s company from Slatina City Hall according to a contract related to the heat insulating works for 131 buildings in Slatina. The total contract mounted to RON 24,833,258.

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