Thursday, March 20, 2008

Romania Probes Graft Near Nokia Plant

19 March 2008
Bucharest _ Romania’s anti-corruption bureau said Tuesday it was investigating property speculation around a lucrative site where Finnish mobile phone maker Nokia recently opened a plant.

'The investigation is looking at the circumstances in which private individuals or companies bought land in the town of Jucu before Nokia's arrival,' the National Anti-corruption Directorate said in a statement.

'There are suspicions that the use of information that should not have been made public may have produced important profits for certain beneficiaries,' it added.

Romanian media reported that prices per square metre increased by one hundred times within a few months before Nokia moved to Jucu, in Romania’s northwest.

The first assembly line in Jucu was inaugurated in February and the 60 million euro investment will replace a Nokia operation in Bochum, Germany.

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