Victim Răzvan Liviu Leu alleged that Georgescu introduced him to Ionel Rusen, who brought in Italian businessman Massimiliano Arena to facilitate the deal. The group requested an additional €100,000 after the promised financing was reportedly increased to €15 million, though the loan never materialized. Leu claims the initial €1.1 million was never recovered, despite Georgescu providing payment orders as evidence that the funds had been returned.
Tuesday, October 20, 2026
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Romania Detains Ex Presidential Candidate Călin Georgescu in €1.1 Million Fraud Case
World29 days ago
Romanian prosecutors stopped Călin Georgescu in traffic Monday morning and searched five properties including his home in Mogoșoaia. The Directorate for Investigating Organized Crime and Terrorism (DIICOT) detained the former presidential candidate in a probe into an organized crime group that operated in Romania and the UK since September 2021. The case focuses on a scheme involving an alleged aggravated fraud where a businessman paid a €1.1 million guarantee for a promised €6 million foreign credit facility.
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