When he was the Minister of Transport, President Traian Basescu promoted an emergency decree that erased a debt of 200,000 USD plus interest from the Agricultural Bank, a loan which he obtained when he was a Parliament Member.
When he was the Minister of Transport, President Traian Basescu promoted an emergency decree that erased a debt of 200,000 USD plus interest from the Agricultural Bank, a loan which he obtained when he was a Parliament Member.
In the period in which he had several public jobs, between 1994 and 2001, politician Traian Basescu and his family have obtained more than 1 million USD from the PHARE-EU funds for Romania. The story of Basescu’s prosperity emphasizes certain aspects of his life that he condemns these days. According to the credit contract no. 10120 on the 18th of May 1994, the family of Traian Basescu received a loan from the Agricultural Bank (Raiffeisen Bank today). The money came from the European Bank for Reconstruction and Development and were to be used by his firm, Star Marine Ltd. The sum loaned was 158,000 USD plus 41,375,000 ROL (39,500 USD). According to the copy of the contract that we received, the date for the exchange rate was considered the day in which he submitted the file, which was more convenient for Traian Basescu. Moreover, the President’s ice-cream firm also benefited from preferential interest rates. The purpose for which the Basescu family obtained the money was the purchase of an ice-cream production line from Technogel. The shareholders of Star Marine at that time were Maria Basescu, the President’s wife, and his brother, Mircea. In time, the company suffered several changes and Traian Basescu became one of the shareholders.
ROMANIANS SHOULD PAY!. The preferential interest rate was 9% for USD and 140% for lei. It was the same rate for a period of 5 years.
