Brian Tonna told a parliamentary committee assessing the Electrogas deal that he did not carry out due diligence on its offer to build a power station, despite being involved in adjudicating bids for the public contract.
The Nexia BT managing partner was replying to questions by parliament s Public Accounts Committee one week after refusing to answer questions before that same committee, claiming he may be a suspect in ongoing police investigations.
Tonna said his role and that of two other company employees was to “input data” during the fourth stage of the process, a financial evaluation that took several days to complete.
It beggars belief. In the week when the country was shaken to the core by the charges against Keith Schembri and the Nexia BT gang, among others, the prime minister ramped up the spin and called a press conference to launch a White Paper. What about? Ah, something of vital national importance – his so-called the ‘responsible’ use of cannabis.
So, here we have a former OPM supremo, Schembri, standing accused of crimes committed before and after he became the country’s second most powerful man. The Nexia BT gang members were similarly accused of very serious crimes. And, the prime minister speaks about cannabis.
Romania s Vivendi International to sell City Insurance to I3CP Holdings City Insurance Romania Author (City Insurance) License: all rights reserved.
BUCHAREST (Romania), April 6 (SeeNews) – Romania s leading general insurer City Insurance said on Tuesday that local investment firm Vivendi International has reached an agreement with the Netherlands-based I3CP Holdings to sell its entire majority stake in the insurance company.
The deal is expected to be completed in the third quarter of 2021, subject to approval by Romania s relevant authorities, City Insurance said in a press release.
Vivendi owns 85.23% of City Insurance, while the remainder is held by other individuals and legal entities, according to data published on the insurer s website.
Electrogas auditors PwC have struck a cautious tone in response to a “legal review” which did not substantiate corruption alle­gations swirling
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