Romanian prosecutors detain 33 bankers and officials in $28.5 million suspected banking fraud

Fox News - AP, 11/02/12

BUCHAREST, Romania –  Prosecutors on Friday detained 33 government officials and bankers on suspicion of money laundering and fraud that cost Romania €22 million ($28.5 million).

The detainees included three Economy Ministry officials, the deputy chairman of the French-owned Romanian Development Bank, and the chairman of a state fund that offers banks guarantees in exchange for business loans.

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