Romania Charges Lukoil, Managers in $1.9 Billion Fraud Case
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Romania charged units of Russian oil producer OAO Lukoil with complicity in money laundering in a case estimated at 1.77 billion euros ($1.94 billion), authorities said on Monday.
Prosecutors at the court of appeal in Ploiesti, north of Bucharest, also brought formal charges against several executives for alleged crimes including illegal use of the company’s credit and capital, according to an e-mailed statement.