Romania Opens Case against Liberty Steel Galati CEO – Report
Liberty Steel GalatiDNA

Romania Opens Case against Liberty Steel Galati CEO – Report

Romanian media HotNews, citing judicial sources, reported that Liberty Steel Galați CEO Mr Bogdan Grecu is being prosecuted for bribery and embezzlement

Romanian media HotNews, citing judicial sources, reported that Liberty Steel Galați CEO Mr Bogdan Grecu is being prosecuted for bribery and embezzlement in the case of the former Minister of Environment Mr Costel Alexe. On January 5, Romania's Direcția Nationala Anticoruptie asked the General Prosecutor to notify Romanian President Mr Klaus Iohannis for approving the criminal investigation of Mr Costel Alexe, former Liberal minister of environment and current head of the Iasi County Council. President Mr Iohannis has already endorsed the request.

Directia Nationala Anticoruptie announced that former Liberal Environment Minister Mr Costel Alexe is being prosecuted for taking bribes and instigating embezzlement, along with a person with a leadership position in a steel company, in the case in which Mr Costel Alexe allegedly received a bribe 22 tonnes of steel products for the free allocation of greenhouse gas emission allowances to the plant and to the monitoring of the measures taken by plant to closure of a non compliant landfill slag dump.

According to media reports “The products, in a quantity of 22 tonnes, were received on 23 April 2020 and 07 July 2020, at the office of a company run by a relative of the Minister. The value of the products received as bribes by the former minister is approximately 103,000 lei and represents the equivalent value of steel products, labor and transport. The sheet metal products were allegedly removed from the patrimony of the steel plant from the disposal of the person in charge of the factory, the suspect in question, and their remittance was disguised in the form of fictitious sponsorship contracts.”

According to the company website, Mr Bogdan Grecu has been the Chief Executive Officer of the LIBERTY Galati - LIBERTY Skopje (Republic of North Macedonia) Group since May 2018. He has overall responsibility for the operations of the two units.

Mr Alexe was Romanian Partidul National Liberal deputy for two terms, in the 2012-2016 and 2016-2020 legislatures. He was Minister of Environment, Waters and Forests from November 4, 2019 to November 5, 2020. In the local elections of September 27, he ran and was elected president of the Iasi County Council.

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