Court of Romania has eased requirements on Petrotel-Lukoil

​On September 30th 2015 the Court of Romania rejected the application of the Prosecutor’s Office on the introduction of interim measures to bank accounts of employees of Petrotel-Lukoil which are accused of tax evasion and fraud.

On September 29th 2015 the Court changed the pre-trial restrictions to the CEO of Petrotel-Lukoil, A. Bogdanov, who couldn’t leave beyond the Prakhovsky and Ilfovsky districts.

Previously the tax inspection of Romania couldn’t find faults after the audit of the company’s tax report on the existence of which the Persecutor’s Office of Romania insisted.

The company and its employees are accused of money laundering, tax evasion and violation of the sanctions regime. The Court banned the company to liquidate itself, its accounts were arrested.