Romanian media tycoon jailed for five years

Written by on March 4, 2015 in Europe - Comments Off on Romanian media tycoon jailed for five years

Dan Diaconescu, once a former media tycoon and who then turned to politics riding on the back of a soaring popularity, was sentenced on March 4 2015 to five years and six months in prison in connection with extortion, years after his influential TV station OTV was closed down by authorities.

The sentence passed by Bucharest Court of Appeal is final and irrevocable. Apart from the prison sentence, Diaconescu is also banned from holding any public office for three years after his release.

He was put on trial on two counts of blackmail for which he was first arrested in June 2010. Two other collaborators of his were also indicted in the same case.

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