Romania charges Lukoil, managers in $1.9 billion fraud case

Bloomberg reports that Romania has charged the Russian company Lukoil, operator of the Romanian oil refinery, Petrotel, with money laundering to the tune of $1.94 billion. Six Lukoil managers have been named specifically. Earlier, the Romanian authorities had frozen approximately $2 billion in Lukoil assets. Lukoil is the second largest Russian oil company after Rosneft.


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