Lukoil Managers Charged for Money $1.95 Bln Laundering

A Lukoil petrol station board is seen in St. Petersburg. (REUTERS/Alexander Demianchuk)

Monday, 03 August 2015 06:01 PM EDT ET

BUCHAREST, Romania (AP) — Romanian authorities have charged Russian oil producer Lukoil with complicity in money laundering worth 1.77 billion euros ($1.95 billion).

Prosecutors at the Court of Appeal in Ploiesti, where Lukoil's refinery is based, on Monday charged Romanian and Russian company managers for allegedly misusing the company's credit and capital.

The statement said from 2011 to 2014 "the suspects knowingly used company goods and credit granted to the company to benefit other companies in which they had a direct or indirect interest."

There was no immediate reaction from Lukoil in Romania.

Last month, prosecutors froze Lukoil's assets and bank accounts worth about 2 billion euros ($2.22 billion).

Romania has stepped up its anti-corruption drive in recent months.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Romanian authorities have charged Russian oil producer Lukoil with complicity in money laundering worth 1.77 billion euros ($1.95 billion).Prosecutors at the Court of Appeal in Ploiesti, where Lukoil's refinery is based, on Monday charged Romanian and Russian company...
EU, Romania, Lukoil
118
2015-01-03
Monday, 03 August 2015 06:01 PM
Newsmax Media, Inc.

View on Newsmax