Prosecutors are conducting 12 searches in Bucharest and Târgu Mureș in a criminal case related to the bankruptcy of Euroins, targeting serious offenses such as embezzlement and money laundering.

The Prosecutor's Office next to the High Court of Cassation and Justice launched, on Wednesday, 12 searches in Bucharest and Târgu Mureș, in a criminal case targeting the bankruptcy of the insurance company Euroins. The investigation focuses on crimes such as embezzlement, fraudulent management, and money laundering, considering the criminal activities carried out between 2017 and 2023 by the company's management.

It is suspected that decision-makers implemented fraudulent mechanisms to decapitalize Euroins, redirecting financial resources to affiliated entities and failing to pay compensation to policyholders. The Financial Supervisory Authority found serious deficiencies in the damage reserves, and in 2023, Euroins was declared insolvent. The searches target 10 individuals from the company's management, and prosecutors emphasize that these actions are part of a broader investigation to gather necessary evidence for resolving the case.