Damen Shipyards is accused by the Romanian state of orchestrating the bankruptcy of the Mangalia shipyard through fictitious transactions and abuse of position, affecting 1,000 workers.

An investigation by Follow the Money reveals serious allegations that Damen Shipyards orchestrated the bankruptcy of the Mangalia shipyard through fictitious transactions and abuse of position. The company illegally transferred €55 million of the shipyard's assets and about 1,000 employees were laid off. Damen has influenced the insolvency proceedings and sued the Romanian state for €470m, while facing a criminal investigation in the Netherlands for corruption and other serious offenses.