Irina Socol, the president and one of the main shareholders of software integration company Siveco Romania, will spend the next 30 days in police custody, the Bucharest court decided on Tuesday, September 9.

Socol was held by prosecutors initially for 24 hours and is being investigated for tax evasion. She is accused of having set up a criminal ring made of more than 50 firms through which fictitious transactions worth about EUR 10 million were made between 2009 and 2013.

Prosecutors also found out that Siveco registered fictitious acquisitions of software programs and through these acquisitions more than EUR 3 million in taxes have been withheld from the state. Among the firms from which Siveco allegedly made such purchases of software programs there’s even one that deals scrap, which is controlled by an illiterate Roma person, according to the prosecutors.

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editor@romania-insider.com