Twelve Arrested In Bucharest Bogus Property Sales Case

The Court of Appeals in Romania’s capital Bucharest ruled Friday in favor of placing twelve suspects in a real-estate fraud case under one-month preventive arrest, while three others have been banned from leaving town throughout the investigations.

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The ruling may be appealed with the Supreme Court.

Organized crime prosecutors detained 15 suspects Thursday night out of 25 accused of real estate fraud. Suspects include three lawyers and a bank manager.

Suspects, as well as witnesses, were brought in for questioning Thursday following searches at the suspects' homes and company headquarters throughout Bucharest. Forty-five people were questioned, including witnesses.

Prosecutors said they disbanded a group of 25 people who allegedly cheated prospective property buyers of about EUR1 million, selling property they did not own.

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