Tax raids on Russia's Lukoil in Romania
Dozens of prosecutors, police and customs agents raided several Romanian offices of the Russian petroleum giant Lukoil on Thursday as part of a probe into tax evasion and money laundering.
"At this stage of the investigation, the losses caused by tax evasion and money laundering are estimated at 1.03 billion leu (230 million euros, $290 million)," said the prosecutor in Ploiesti, the southern town where the group's Romanian activities are concentrated.
A total of 23 raids took place, including at the offices of the refinery Petrotel, which is 97-percent owned by Lukoil.
Lukoil, which bought Petrotel in 1998, recorded revenues of 1.34 billion euros in Romania in 2012.
It has 300 petrol stations and controls 20 percent of the local market in petroleum products, according to its website.
© 2014 AFP