The Bucharest Court yesterday sentenced Romanian businessman Ovidiu Tender to 11 years and 4 months in prison in the Carom case, in which he is accused of fraud and money laundering. Another businessman, Marian Iancu, was sentenced to 13 years and eight months in jail in the same case, reports local Wall-street.ro.

The court’s decision is not final and can be appealed.

The two businessmen were sent to court in 2006. They are accused of illegally taking control of Carom SA Onesti and causing it a prejudice of RON 140 million (some EUR 31.3 million), the amount established in 2003. Before 1990, Carom SA was part of Platforma Petrochimica Onesti. The two businessmen are accused of draining Carom’s resources via a complex financial ring.

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