DIICOT is seeking a case with damages exceeding 50 million euros. The investigation points to the looting of the AEM meter factory in Timisoara

DIICOT Timisoara prosecutors went to various addresses in Timisoara and Bucharest on Tuesday morning to conduct searches in a case of formation of an organized criminal group, counterfeiting, use of counterfeit, embezzlement with very serious consequences, fraud with very serious consequences serious, abuse in service with very serious consequences, shows adevarul.ro.

According to the cited source, the former management of the AEM factory in Timisoara, one of the most important accounting factories in Europe, headed by former director Olimpia Moica, is charged in a large case of fraud and embezzlement.

According to adevarul.ro, Olimpia Moica, her husband and several subordinates of the company’s management are accused of deceiving AEM for several years, reporting a production and huge fictitious income from collecting performance bonuses. For example, during an inventory ordered by shareholders, it was discovered that stocks included 800,000 meters that did not exist in reality, with the company’s production and storage capacity being almost three times less.

According to the source, prosecutors have the testimony of a point man who shows that the fraud has been concealed for years with the support of employees of PricewaterhouseCoopers, one of the largest auditing firms in the world, who, although they reviewed the company for ten years. at the request of the shareholders, they did not report the fraud established by the EEA management.

The estimated damage in this case exceeds 50 million euros. Several people will be brought during Tuesday’s hearings at DIICOT Timisoara headquarters.