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Romanian Authorities Detain Calin Georgescu in €1.1M Fraud Probe

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Story summary
  • Romanian authorities detained former presidential candidate Calin Georgescu in a €1.1 million fraud probe.
  • DIICOT (Directorate for Investigating Organized Crime and Terrorism) alleges Georgescu led group convincing businessman to transfer €1 million and €100,000.
  • Prosecutors say the scheme promised the victim up to €15 million in foreign loans.
  • Police searched five addresses in Mogosoaia, Ciolpani, Buftea and Bucharest during the probe.
  • Georgescu faces charges of undermining Romania’s constitutional order and promoting fascist ideology.