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The Romanian General Prosecutor's Office is conducting a major investigation into the bankruptcy of insurance company Euroins, which has been severely affecting the compulsory auto insurance market in…

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​General Prosecutor's Office: Euroins bankruptcy, caused by fraudulent management, embezzlement and money laundering
The Romanian General Prosecutor's Office is conducting a major investigation into the bankruptcy of insurance company Euroins, which has been severely affecting the compulsory auto insurance market in Romania. The investigation, which is reported to have begun in late 2025, focuses on criminal activity between 2017 and 2023.

Authorities are probing senior management and controlling shareholders for alleged fraudulent management, embezzlement, money laundering, and providing false financial information. These individuals are accused of creating and coordinating various schemes to decapitalise the company, drastically reducing its assets and cash availability. Search warrants have been executed at 14 locations, including the homes of ten former executives and the offices of entities controlled by the Bulgarian holding group. The estimated damage from the fraudulent activities exceeds 4.6 million euros.

More on this developing situation here
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