Georgescu to learn on Monday if he will be released from preventive detention: case involving €1.1 million
Bucharest Court resumes on Monday the hearing of Călin Georgescu's request to replace preventive detention. The former presidential candidate is accused of fraud involving €1.1 million.
Bucharest Court decides on Monday the fate of Călin Georgescu's preventive detention
Bucharest Court resumes on Monday, 9 November, the hearing of the request through which Călin Georgescu is seeking to replace preventive detention with house arrest or judicial supervision, according to Romania TV - Justice.
The hearings had been postponed the previous week due to the absence of reasoned decision-making by which Bucharest Court of Appeal had ordered the extension of the detention measure.
Georgescu has been in preventive detention since 29 September in the case in which he is accused of defrauding a businessman from Buzău by the sum of €1.1 million. Since the moment of his arrest, the former candidate in the presidential elections has repeatedly submitted requests to replace the preventive measure; however, favourable decisions issued by Bucharest Court have been subsequently overturned by judges of Bucharest Court of Appeal, according to Agerpres.
The investigation was opened following a complaint filed by Buzău businessman Răzvan Leu, who claims he was drawn into a supposed transaction involving precious metals that required obtaining a credit line of six million euros.
According to investigators, Georgescu would have recommended to Leu to contact Ionel Rusen, presented as a trusted associate. The latter would have put him in contact with Italian citizen Massimiliano Arena, who presented himself as a representative of a Swiss bank.
In order to grant the loan, the businessman would have been convinced to pay a guarantee of one million euros. From this sum, 100,000 euros would have been allocated to financing Călin Georgescu's presidential campaign.
Subsequently, Leu would have transferred an additional 100,000 euros, after being promised an increase in the credit value to 15 million euros. The loan was never granted, and the businessman requested the return of the 1.1 million euros, which he has not recovered.
Source: Romania TV - Justiție