Statute Of Limitations Rids Romanian Businessman S.O. Vantu Of Forgery Charges - Mediafax.ro

Statute Of Limitations Rids Romanian Businessman S.O. Vantu Of Forgery Charges

The Bucharest Court of Appeals decided Tuesday, by final decision, the discontinuation of the trial on the creation of the International Bank for Development (BID), a case where businessman Sorin Ovidiu Vantu was charged with forgery.

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Statute Of Limitations Rids Romanian Businessman S.O. Vantu Of Forgery Charges

The sentence was rendered, considering the charges passed theirstatute of limitations, with one separate opinion, as one of hethree judges in the panel said the case file should have beenretried in the Bucharest Court.

The Bucharest Court of Appeals decision thus changes the rulingof the lower court, where Vantu had been acquitted.

On November 18, 2008, a Bucharest court acquitted Romanianbusinessman Sorin Ovidiu Vantu of using false documents to set up abank.

Vantu, owner of a television news channel in Romania, wassentenced to two years in prison back in 2005 for using falsedocuments that allowed him to gain majority shares in the formerInvestment and Development Bank, or BID.

 

Vantu was also sentenced to pay 150,000 lei (EUR1=RON4.2911) incourt costs.

The Investment and Development Bank went bankrupt in 2002.

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