Prosecutors put probe on ex-Privatisation boss
October 2009 - From the Print Edition
Anti-corruption prosecutors have started an investigation into Ovidiu Musetescu, Minister of Privatisation between 2001 and 2003 and ex-president of the Privatisation Authority. Musetescu allegedly privatised aluminium smelter Alro Slatina and aluminium parts maker Alprom by accepting deliberately a price smaller than the market value of the two companies. Alro Slatina, now owned by Vimetco, was initially sold to New York-based Marco International [allegedly owned by Russian oligarch Vitali Matsitski]. Alprom was sold to a consortium made of Marco Acquisitions, Marco International and Conef Bucuresti. It is believed that the state lost about 40 million USD in this deal.
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