In December 2006, the Wiesbaden Criminal Police ended the investigation in the file against MTS Leasing. The Frankfurt Prosecution Office requested Romanian authorities to hear ten former clients embezzled by MTS.
"We have to demand Romanian authorities and the people who lost, respectively, to answer some questions that can't be clarified here", said the head of the Criminal Police in Wiesbaden.
"The complete file, translated in Romanian, was sent by the Justice Ministry in Hess to their homologues in Bucharest". The German commissioner has figured all out: "We believe it would be a trial in Romania, given our firm suspicion that frauds have been committed, Romanian entrepreneurs being prejudiced", says the official.
The insolvency procedure is expected to bring enough funds to at least partially recover some of the funds and make up for some losses.
According to the German law, German citizens that commit criminal acts abroad can be sentenced for it in Germany.
Over 70 complaints and 700 contracts closed by MTS Leasing in Romania, adding up to a total value of 50 million euros. Investigators found in the papers at Frankfurter Volksbank that Romanians paid some 15.5 million euros, out of which only 6 millions were used to build homes.
One of the cheated Romanians found that the Romanian Economy and Commerce Ministry allowed MTS Leasing to enter the market without receiving any official recognition of the company's financial status.
MTS Leasing opened in Romania as a real estate financial company, although the social capital was only 25,000 euros. Cashing down payments of 30% of the signed deals, the company failed to finish - and in some cases even begin - the construction of houses for clients.
One of the counselors was accused of fleeing with 200,000 euros in 2005. When the scandal on insolvency reached the media, the members of the board fled to Germany, where the criminal investigation begun the same year.
HotNews.ro, Mar 21, 2007