Ex-AC member accused of trying to ‘illegally hijack BSE’

Paul said Sima was trying to buy a five percent share package in the BSE, personally and with help from allies, which is illegal without prior notification of the National Securities Commission (CNVM).
“I hope the CNVM takes notice of Sima's declarations regarding his intention to takeover the BSE,” said Paul.
He also said he doubted Sima's intentions were serious, as he lacked the means to acquire the package, and pronounced Sima's recent attacks on the BSE management “foul.”
Paul suggested that Sima's resignation might be linked to the council's request to the National Council to study the Securitate Archives (CNSAS) to check whether any of its members had collaborated with the former Securitate.
Sima resigned from the council on August 1 claiming that the body was not transparent and had repeatedly opposed measures that would have speeded up the BSE's growth. The former councilor, who is also president of the WBS Holding brokerage company, said he would try to change the current Administration Council by purchasing five percent of the BSE shares, which would grant him a voting right on the matter. Sima said he already had 4 percent of the shares and planned to buy more. He said he had done nothing illegal and had only bought shares up for sale on the BSE website.
Transcripts from Sima's informal conversations with other brokers on a public forum showed that his intentions were to become president of the BSE replacing the current president Septimiu Stoica, whom he accused of being too weak in his reports to the finance minister, Varujan Vosganian. The transcripts were released by the BSE last week.
On the same occasion Stoica announced that the Shareholders' General Assembly scheduled for the end of last week will decide on who would replace Sima in the BSE Council.
The former council member was appointed in March this year, replacing Razvan Pasol, who had resigned at the end of 2006.

Ana-Maria David