Page 172 - Carte Falimentul BIR

administrators the balance of assets and liabilities, they simply took possession
of the bank.

Only in the treasury of the bank there were values over USD 100 million, precious
metals and stones of over 35 thousand karats, gold ingots, high value jewelry etc.
The keys of the treasury were taken by Arin Stanescu without any signed report
on the values there.

The BIR precious stones (sapphire, rubies, emeralds - all polished), of more than
six million dollars value, were placed in containers at Fortis Bank in Belgium and
the number of the containers was taken also by Arin Stănescu.

* * *

Despite the flagrant violations of the law on the way in which the bankruptcy
procedure of BIR was initiated by the magistrate Negru Cristina, the provisions
of art. 247 of the Law no. 31/1990, on 27 July 2000 the liquidator occupied all
the BIR offices.

Having the consent of magistrate Negru Cristina, and later on, of the other judges
who handled File no. 5615 / 12.03.2000, by committing the most serious abuses
and illegalities, the liquidator acted as if it were ordered by the court, attributions
of liquidation of the bank (stipulated in article 10 of GEO no 186/1999),
employing remunerated staff on the bank's payroll, making huge expenses on BIR
founds (hundreds of billions of ROL) on their own fees, salaries and so called

"performance bonuses", alienated the bank's assets at ridiculous prices, granted
discounts hundreds of billions of ROL, he used BIR funds and assets (real estate,
cars, telephones, etc.) for his own benefit, receiving ROL 130 billion, only until
st
March 31 2004, and the total amount of the fees and the amounts spent by the
st
liquidator, on December 31 2015, to over ROL 800 billion, the BIR assets being
liquidated, without the presence of the shareholder's representative when the
operations were performed.

For a more clear view, we present data and figures from the Liquidator's Report
on Receipts and Expenses from July 10 2000 to August 31 2001 submitted on
th
st
the Bucharest Court File no. 5615/2000:

"During the period July 10 2000 to August 31 2001, sums of money were
th
st
collected in the amount of lei 580,374,263,000".
If, on July 10 2000, BIR was in the cessation of payments, how is it that, starting
th
with the same date, for one year, over ROL 580 billion were collected?

The same Report of the liquidator shows:

170