CE Oltenia manager, Laurentiu Ciurel, said Wednesday that the company paid all its debts to the state budget, adding that he could even sue ANAF if the company was affected by ANAF statements.

ANAF said Tuesday it started the foreclosure proceedings on CE Oltenia to recover debts worth RON24.8 million to the state budget.

CE Oltenia energy holding was set up in 2012, following the merger of several thermal power plants and coalmines.

The holding has some 15,400 employees and operates 13 separate power units with a total installed capacity of 3,900 megawatts, covering up to 30% of Romania’s annual electricity production.

The company reported sales worth RON2.6 billion sales in 2014, and estimates 7.6% higher sales this year, at RON2.8 billion.

CE Oltenia general manager Laurentiu Ciurel was indicted alongside Prime Minister Victor Ponta and social democrat senator Dan Sova in connection with the defrauding of state energy companies Turceni and Rovinari back in 2007 and 2008.