* On April 22nd, the Ministry of the Economy said that minister Videanu had found from the management of the company about the matter of the funding from the European Community, just as Adriean Videanu who is a shareholder of Marmosim had approved the project three days earlier
* The almost 1.26 million in European grants - were approved by the General Shareholders" Meeting, on the same day with the letter sent by minister Videanu to the European commissioner, Johannes Hahn
The official position presented by the Ministry of the Economy, helmed by Adriean Videanu, on the controversial issue of the European funds that Marmosim, controlled by the same Adriean Videanu, intended to raise is repeatedly contradicted by the contents of the Official Gazette.
The shareholders of Marmosim approved the project to draw European grants on April 19 2010, on the very same day that minister Adriean Videanu wrote to the European commissioner for durable development, Johannes Hahn, mentioning his conflict of interest and asking whether Marmosim was eligible for European grants, considering the fact that Adriean Videanu was a majority shareholder in the company and a Minister at the same time.
The conflict of interest was obvious to say the least, when one realizes that the authority which coordinates the distribution of European funds that Marmosim had applied for, was subordinated to the Minister of the Economy himself: Adriean Videanu.
Furthermore, two weeks before the approval of the project which was going to be financed using European funds, the shareholders of Marmosim also decided to extend the credit facility and to maintain the collateral for the 1.6 million Euros loan taken from Raiffeisen Bank. Coincidentally, the amount of 1.6 million Euros seems to overlap with the bank loan of 6.8 million lei, that the company included as part of the scheme
