Raiffeisen Bank could appeal confiscation of imprisoned Romanian media mogul’s mortgaged assets Reviewed by Momizat on . [caption id="attachment_4038" align="alignnone" width="614"] Raiffeisen Bank could appeal confiscation of imprisoned Romanian media mogul's, Dan V., mortgaged a [caption id="attachment_4038" align="alignnone" width="614"] Raiffeisen Bank could appeal confiscation of imprisoned Romanian media mogul's, Dan V., mortgaged a Rating: 0

Raiffeisen Bank could appeal confiscation of imprisoned Romanian media mogul’s mortgaged assets

Raiffeisen Bank could appeal confiscation of imprisoned Romanian media mogul's, Dan V., mortgaged assets.

Raiffeisen Bank could appeal confiscation of imprisoned Romanian media mogul’s, Dan V., mortgaged assets.

Raiffeisen Bank may appeal a recent court decision to confiscate assets that belong to imprisoned media mogul and former politician, Dan V., which were seized as part of Dan V.’s punishment, the Romanian Insider reported Aug. 21.

 “The bank has a mortgage totaling EUR 40 mln,” the newswire reported.

 Dan V., the founder of Antena media group, was recently sentenced to 10-years imprisonment with no parole for irregularities in the privatization of the Romanian Food Research Institute, which resulted in EUR 60 mln damages. The court’s verdict also included confiscation of several assets, including headquarters of Antena media group, where also Grivco group, Dan V.’s company, is located.

 However, the confiscated assets were previously mortgaged to Raiffeisen Bank. The court did not take this to account and included the mortgaged assets in Dan V.’s sentence.

 According to market sources, Raiffeisen Bank is currently in talks with lawyers regarding the matter.

Photo courtesy of Biruitorul. 

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