The ruling is not final and may be appealed at the High Court’s panel of five judges.
The two were indicted in March 2009 on charges of organized crime regarding the privatization of Romanian power distributor S.C. Electrica Muntenia Sud, the sale of an 8% stake in the country’s dominant oil and gas company, privatization/restructuring processes at the country’s airliner S.C. Romaero S.A., aircraft maker Avioane Craiova, telecom operator Romtelecom and postal company Posta Romana.
Seres was sentenced to five years in prison for adhering to an organized crime group and six years for leaking classified information. The court merged the sentences and ruled he should serve the longer one.
Nagy was sentenced to five years in prison for adhering to an organized crime group.