The head of Romania's Financial Surveillance Authority ASF, Dan Radu Rusanu, who was arrested for 24 hours on Tuesday, February 25, was released after the court rejected the proposal to extend his arrest over 30 days.

Rusanu is being investigated in a corruption case involving the insurance firm Carpatica Asig. Rusanu is believed to have created and approved an emergency ordinance to reorganize the ASF board, so as to protect the interest of Carpatica insurance firm.

Prosecutors say Rusanu in fact altered the law so as to eliminate certain members of the ASF board who were known to be against Carpatica Asig. The changes were disguised under extra requests for studies, which the members later on eliminated from the board did not comply with.

More about this corruption case, here.

editor@romania-insider.com