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> http://news.yahoo.com/romanian-prosecutors-detain-prince-paul-151625098.html <http://news.yahoo.com/romanian-prosecutors-detain-prince-paul-151625098.html>
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> Romanian prosecutors detain Prince Paul in fraud case
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> BUCHAREST, Romania (AP) — Prosecutors on Friday detained Romania's Prince Paul in a case of alleged real estate fraud involving a top aide to a former prime minister and a newspaper editor.
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> Prosecutors ordered businessman Remus Truica, the former head of Cabinet of ex-Premier Adrian Nastase, be put under house arrest Friday. Truica has been charged with setting up a criminal group in 2006 that is alleged to have fraudulently acquired 170,000 square meters (1.8 million square feet) of state-owned land for Prince Paul. The fraud is estimated at 136 million euros ($150 million).
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> Paul was questioned Friday afternoon and later handcuffed and detained in the central city of Brasov, where the probe is being conducted. He denies wrongdoing and says he is a victim of Truica.
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> Meanwhile, the managing director of daily Evenimentul Zilei, Dan Andronic, quit his job Friday after being charged with being part of the same criminal group. Three others have been charged.
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> Paul, 67, is the grandson of King Carol II. Romania's monarchy ended when the communists came to power. His uncle, King Michael, was forced to abdicate in 1947. Paul is estranged from Michael.
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Eric D. Schwerin
Rosemont Seneca Advisors, LLC
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(202) 333-1880
eschwerin@rosemontseneca.com <x-msg://59/eschwerin@obblaw.com>
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