Tehnologica Radion filed for insolvency early September.
Berna was placed under preventive arrest on August 19, in a tax evasion and money laundering file, with overall damages worth EUR100 million. The accounts and assets owned by Tehnologica Radion and Theodor Berna are currently under distraint.
In 2013, the company reported a turnover of 356.8 million lei (EUR80.7 million) and a net profit of RON3.8 million (EUR876,000). The company also had debts worth RON383 million and arrears worth RON253.6 million, according to Finance Ministry data.
Tehnologica Radion, set up in 1993, is one of the largest Romanian construction companies. At the end of 2013, it had approximately 2,000 employees.