In 2011, anticorruption prosecutors filed tax evasion and money laundering charges against Ruxandra Maria Stegaru, who allegedly failed to pay taxes and dues worth EUR4 million after selling several plots to Impact Developer&Contractor.
Stegaru is the manager of Sqrw Development SRL and an associate in Fondamento Forte SRL and Patagonia Invest SRL.
According to prosecutors, in 2004 Stegaru sold several plots in northern Bucharest, with a total surface of 43.2 hectares, to Fondamento Forte and Patagonia invest, which she owned. The transactions were concluded for a total RON15.63 million, which means the properties were greatly underpriced. Later, Stegaru sold stocks in Fondamento and Patagonia to Impact.
The realty developer announced Thursday that it has just found out about the seizure, implemented so that the assets in question cannot be sold, and it plans to challenge the measure in court.
Impact has a share capital of RON197.8 million, divided into 197.8 million shares, with a face value of RON1.
The company’s largest shareholder is general manager and chairman Dan Ioan Popp, with a 16.52% stake. Other shareholders include East Capital with 10.1% and three ING-managed funds, with a total 5.18%. (EUR1=RON4.3737)