January 2015 saw twenty four board directors of MediaPro, Romania arrested on suspicion of tax evasion and money laundering, while major shareholder and billionaire heir to the Estée Lauder fortune, Ronald S Lauder wasnot arrested.
MediaProare Romania’s biggest Media Company and one of the rising Tech stars in Eastern Europe. From humble beginnings in the 1950’s this firm is now responsible for a great deal of the movie output of the entire country and have a string of successful movie releases behind them.
According to Romanian investig a tor show ever the information they are working on is that from 2009 to 2014 the board of MediaPro was responsible for hiding cash through fictitious invoices, a large proportion of which was transferred to an unnamed organiser of the money laundering scheme.
Meanwhile the head of the company, Ronald Lauder, has remained the major shareholder of the company, despite resigning from the board in March 2014. This came shortly after the departure of his long-term business partner Adrian Sârbu, who was placed under arrest by Romanian police on 3 February 2015.
Mr Lauder has a $3.9 billion fortune based around his ownership of over thirty other Tech companies in Europe and a fortune acquired by his parents who set up leading cosmetics brand Estée Lauder. He is a well-known businessman in Jewish communities; particularly for his philanthropic work however this does not stop him having critics.
Public record shows that Mr Lauder withdrew tens of millions of dollars from the company in 2014, causing widespread outrage among the Romanian public and media. Despite so much of thisThis story has a lot more to play out before investigators bring it to court and we get to hear the true facts of the case.