DIICOT details how funds were diverted in Călin Georgescu fraud case

Prosecutors from DIICOT announced new findings in the case against Călin Georgescu, revealing that the cash offered as collateral for a promised loan was channeled into a precious-metals enterprise and used to finance the group leader’s electoral campaign. The probe uncovered an organized crime group composed of two Romanian men, aged 64 and 47, and an Italian man, aged 56, who coordinated activities across Romania and the United Kingdom to obtain substantial financial benefits.

The scheme involved presenting a fake British bank, actually registered in the Comoros, and transferring funds to an entity based in Dominica with a Swiss bank account. Victims were persuaded to transfer over a million euros, but the promised financing never materialised, resulting in losses exceeding one million euros.