Friday, October 8, 2021, 8:32 p.m.
Robert Negoiță, the mayor of sector 3 in the Capital, and his brother, Ionuț Negoiță, control a complex network of offshore companies that have businesses worth tens of millions of euros in Romania, according to documents made public in the Pandora Papers investigation.
The offshores were integrated in a network of Romanian companies that benefited from public funds from the City Hall led by Negoiță.
The mayor of sector 3 appears in the documents of a law firm in Cyprus as an undeclared beneficiary and hidden shareholder in two of the companies in the British Virgin Islands that controlled publicly funded businesses in Romania.
One of these companies was set up to manage the Rin hotels in Bucharest.
Another channeled millions of euros to the Dinamo football club and was involved in the construction of hundreds of villas and apartments.
According to an ongoing criminal investigation, 96.6 million euros came, through subcontracting or procurement, from the City Hall of sector 3 in Romanian companies connected to the offshore shuttle for which the Negoiță brothers are being investigated. The money was used to cover blocks of flats and build artesian wells.
15 offshores related to the Negoiță brothers through the documents from Pandora Papers have owned or hold shares in over 20 companies in Romania.
Romanian prosecutors are trying to prove that the Negoiță brothers created offshore companies to launder money.
Over 17 million euros were transferred by Ionuț Negoiță to tax havens
Over 31 million euros were transferred in reverse from offshore to eight Romanian companies in the form of loans.
Five of the 15 offshore companies in Pandora Papers appear in an ongoing Prosecutor’s Office investigation.
Thousands of apartments were built in Bucharest and neighboring areas of companies plugged into the offshore network, reports Rise Project
Source: Breaking News – Cele mai importante stiri – Ziare.com by ziare.com.
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