Bucharest Court ruled on Thursday in favor of the acquittal of George Copos, Camelia Voiculescu and of the other 11 defendants in the case Loteria II, accused of manipulating the stock market.
The decision is not final.
Antena 3 reporter , Ana Maria Roman, explained that it is a decision on the merits in this case.
"Following the hearings and instrumentation of evidence for the past seven years, because we are talking of a case sent to court in 2008, they concluded that the offense did not exist. Perhaps prosecutors will appeal this decision and the case will go on in judgment. "
Gheorghe Copos is accused by prosecutors that as Chairman of the Board of SC "Ana Electronic" SA Bucharest and shareholder of SC "Ana Group" SA Bucharest, he committed money laundering, forgery of private documents, incitement to improper participation to forgery, he used inside information to acquire, for himself or for a third party, directly or indirectly, financial instruments to which that information related. He is also charged with disclosure, recommending to others to acquire or dispose of financial instruments to which that information related respectively, of capital market manipulation.
Camelia Voiculescu, daughter of founding president of the Conservative Party, Dan Voiculescu, is accused of using inside information to acquire for herself or for third parties, directly or indirectly, financial instruments to which that information related respectively, that she engages, in collaboration with other people, in manipulating the capital market.
The former Minister of Communications Sorin Pantiş is accused that as a representative of the company Grivco SA Bucharest, he made use of inside information to acquire for himself or for a third party, directly or indirectly, the financial instruments to which the information relates, of the fact that he disclosed this information to other people and recommended them to acquire or dispose of the financial instruments to which that information related and that he engaged, in collaboration with other people, in manipulating the capital market.