The latest name to make the list is Angela Toncescu, one of the most influential heads of the Insurance Supervisory Commission (CSA), and currently president of the board of directors of Carpatica Asig, a company that has been experiencing severe money troubles for a year now and is on the verge of liquidation.
DIICOT’s charges against Angela Toncescu are that she and other members of the Carpatica Asig management and the company’s shareholder, businessman Ilie Carabulea, had acted together to delay and influence the results of certain inspections of the Financial Supervisory Authority (ASF, CSA’s successor) at Carpatica Asig.
DIICOT prosecutors went to the Sibiu Court of Law on Thursday to request that Angela Toncescu, Ilie Carabulea and his son Oprea Carabulea and four other people be remanded in custody, according to Mediafax.
Angela Toncescu is the third insurance boss to draw the prosecutors’ attention, after Daniel Tudor, former CSA chairman and ASF vice-president and Dan Rusanu, former ASF chairman are now under investigation by the anticorruption authorities. All three are under investigation in the “Carpatica” case, charged with creating and favoring a criminal group and with taking bribe to make the Sibiu-based insurer appear to be in better financial shape than it was.
“All these actions by the prosecutors are shaking confidence in the insurance market even more, a market already hurt and ailing. These investigations only serve to make the market situation even harder,” said Bogdan Andriescu, chairman of the insurance brokers’ association UNSICAR.
(English version by Loredana Fratila-Cristescu)