Daniel Daianu, appointed interim president of Romania’s Financial Surveillance Association ASF after Dan Rusanu’s resignation, said on Wednesday (March 5) that his salary will be reduced, but that he will not resign.

“Dan Radu Rusanu presented his resignation. As for me, I have great issues in accepting to lead the ASF, in case I receive this proposal. Starting today, my EUR 12,800 salary will be cut by 30 percent. I thought about a resignation of honor, but as much as this would be honorable, I can’t resign,” said Daianu during Senate committee’s hearings, reports local Hotnews.ro.

Earlier this week, the president of Romania’s ASF, Dan Radu Rusanu, was sent to jail for 30 days in a corruption case. Daianu, a vice-president of ASF, took over as interim.

The Bucharest Appeal Court decided Rusanu should be arrested, after the Bucharest Court had ruled against the arrest on February 26.

The decision is final, Rusanu will thus spend a month in jail, while being investigated for corruption in a file involving the insurance company Carpatica Asig, and several other defendants.

More about this case here.

ASF was created in 2013 by joining three institutions, the Insurance Surveillance Authority, the Private Pensions Surveillance Authority, and the National Securities Commission.

Irina Popescu, irina.popescu@romania-insider.com