The Romanian prosecutor’s office has suspended the criminal case against Lukoil for money laundering, but a few more cases are underway. At this stage there is no explanation why work on this case is stopped.
The Romanian prosecutor’s office is investigating money laundering and tax evasion by the Romanian Lukoil refinery, Petrotel, in 2014. The prosecutors have doubts that in these cases the company has offset Romania’s budget by 230 million EUR. At the request of prosecutors in 2015, the court had seized 2 billion EUR of company assets.
Now the court has suspended the case against Petrotel and its chief executive, Andrei Bogdanov, but without giving further details on the case.
Lukoil has been in Romania since 1998 and is one of the major energy suppliers.
In September 2017, Romanian media also reported a tax evasion case worth 9 million lei (1.9 million EUR) against the Romanian Lukoil unit. The scheme, commented by the Romanian Specialized Prosecutor’s Office, also involved the name of Bulgaria. According to prosecutors’ announcements in 2009 and 2010 the company has created a false network for the purchase and delivery of bitumen by the Bulgarian companies Vaza Bulgaria and Lukoil Neftochim Bourgas and the aim is to “save” the value added tax (VAT).