Businessman Nelu Iordache Arrested In EU Fund Embezzlement Case

12.03.2012 By Oana Gavrila

Romanian businessman Nelu Iordache, owner of construction company Romstrade and low cost airline Blue Air, was placed under preventive arrest Sunday for the alleged embezzlement of 25 million lei (almost EUR6 million) from EU funds, forgery and money laundering.

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