Antifraud Department: Businessman Nelu Iordache Embezzled EUR6M From EU Funds

Update 11.29.2012 By Ecaterina Craciun

A report by Romania’s antifraud department shows businessman Nelu Iordache embezzled EUR6 million from European Union funds via his construction firm Romstrade, as he used the money for various purposes instead of spending it on the construction of the Nadlac-Arad highway.

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Keywords:
SEARCH OPERATIONS
, ROMSTRADE
, HIGHWAY