The Prahova Court acquitted, in a retrial, the companies Petrotel Lukoil and Lukoil Holland accused of fraud and money laundering in a case initiated by former prosecutor Mircea Negulescu.
The sentence is not final and can be appealed by prosecutors at the Ploiesti Court of Appeal, according to G4media.ro.
Romanian prosecutors announced in August 2016 that they had completed their investigations into alleged fraud at the local Lukoil refinery. They indicted the Russian-owned Petrotel refinery, its Russian director-general, and five other officials.
The prosecutors estimated the losses to the state at RON 7.6 bln (EUR 1.76 bln) and seized shares and bank accounts of companies belonging to the Lukoil Group worth EUR 2 bln.
The original full article can be found at romania-insider.com