Lukoil’s property in Romania is arrested because of tax evasion and money laundering

The Romanian Authorities suspect the refinery Petrotel, located in the city of Ploiesti and owned by Lukoil, in tax evasion and money laundering to the total amount of $240 million.

On October 2nd, police and prosecutors of Romania made a search in 23 offices of companies, owned by Lukoil. As a result, Petrotel with capacity of 2.4 million tons stopped working, the plant’s accounts, as well as its oil and oil products were arrested.

This was reported in the statement of the Russian Ambassador, Oleg Malginov on the website of the diplomatic mission of Russia in Romania.

"This happened because of the arrest of tangible assets that were seized by the Romanian Prosecutor's Office to conduct an investigation," – Lukoil’s representative told the RBC about causes of the plant shutdown.