DNA investigates Digi CEO Serghei Bulgac for money laundering

Romania’s National Anticorruption Directorate (DNA) is investigating Digi Communications CEO Serghei Bulgac for money laundering. The body informed Bulgac of the fact that he is a suspect on May 16.

On May 5, the DNA had already notified current and former members of the management team of RCS&RDS on the start of criminal investigations towards them, as suspects under allegations of bribery and money laundering. The case is related to a contract of association concluded in 2009 between RCS&RDS and Bodu SRL.

In a press statement sent to the Bucharest Stock Exchange (BVB), the company said it continues to fully cooperate with current and former members of its management, who acted according to the law.

The company does not anticipate that the investigation will represent a significant interference in what regards its current operations, the statement adds.

The announcement on the start of the criminal investigation against Ioan Bendei, RCS&RDS administrator, came while Digi Communications was preparing to be listed on the BVB. Digi Communications shares were listed on 16 May on the BVB after the successful completion of the most important IPO of a private Romanian company (EUR 207 million). The price of the shares stands at RON 40 per share.