The Bucharest Tribunal convicted RCS & RDS S.A. (Digi’s subsidiary in Romania) in connection with the offence of money laundering for which the court applied a criminal fine in the amount of RON 1.25m.

The Bucharest Tribunal’s decision also decided on the confiscation from RCS&RDS of an amount of EUR 3.1 plus RON 655,124 and it maintained the seizure over the two real estate assets first instituted by the DNA.

Integrasoft S.R.L. was convicted in connection with the offence of accessory to money laundering for which the court applied a criminal fine of RON 700,000.

The decision also abolishes the joint-venture agreement from 2009 concluded between RCS&RDS and Bodu S.R.L., as well as all the agreements concluded between RCS&RDS, Bodu S.R.L. and Integrasoft S.R.L. in 2015 and 2016.

Digi’s former Director Ioan Bendei was convicted to a 4 years imprisonment sentence in connection with the offence of accessory to money laundering.

Note that Digi released a statement saying that they will challenge the decision to the Bucharest Court of Appeal and that they deem the Bucharest Tribunal’s decision to be profoundly unjust, incorrect and ungrounded.