W3vina.COM Free Wordpress Themes Joomla Templates Best Wordpress Themes Premium Wordpress Themes Top Best Wordpress Themes 2012

Articles Tagged with: Estée Lauder

Can Ronald Lauder explain the MediPro investigation?


Twenty four board directors of MediaPro, Romania have all been arrested on suspicion of tax evasion and money laundering, while major shareholder and billionaire heir to the Estée Lauder fortune, Ronald S Lauder is currently not part of the investigation.

MediaPro are regarded in Romania as the Pinewood studio equivalent having been founded in the 1950’s and been responsible for a string of successful movies.

From 2009 to 2014, the board of MediaPro was responsible for hiding cash through fictitious invoices according to Romanian investigators, a large proportion of which was transferred to an unnamed organiser of the money laundering scheme. Naturally this sort of allegation will need to be proven in court and this is likely to be a very lengthy process but investigators are convinced that they will be able to compile enough evidence to bring the case to trial.

Meanwhile the head of the company, Ronald Lauder, has remained the major shareholder of the company, despite resigning from the board in March 2014 shortly after the departure of his long-term business partner Adrian Sârbu, who was placed under arrest on 3 February 2015.

Mr Lauder was not arrested in connection with this scandal and to date has not answered any questions about the alleged cover up and money laundering. That he was involved with the firm is not in doubt but many in Romania are asking why he hasn’t been called on to give evidence in this case.

Mr Lauder has a $3.9 billion fortune based around his ownership of 33 other TV companies in Europe and the 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 of his businesses.

Publicly available documents show that Mr Lauder withdrew tens of millions of dollars from the company in 2014, causing widespread outrage among the Romanian public and media. In a country where so many people are living near to poverty it is an affront to many that this money should simply be taken out of the country and threaten the existence of the company and livelihoods of so many.

Investigators are keen to understand all the people who were involved in this alleged money laundering operation and Romanian authorities are still pursuing the investigation. In January they arranged for the continuing detention of eleven Company executives implicated in this case.

The original story and subsequent follow up can be viewed here

MediPro and Ronald Lauder; what is going on?


In Romania twenty four directors of the board of MediaPro, Romania have all been arrested on suspicion of tax evasion and money laundering. Major shareholder and billionaire heir to the Estée Lauder fortune, Ronald S Lauder is currently not part of the investigation nor has he been arrested. People are however asking why when he seems to be so integral to the company and its recent business deals.

From 2009 to 2014 according to Romanian investigators, the board of MediaPro was responsible for hiding cash through fictitious invoices, a great chunk of which was transferred to an unnamed organiser of the money laundering scheme. An interesting allegation and one which has no name attached to the supposed organiser of the scheme so it will need to be proven in court but investigators are convinced that they will be able to compile enough evidence to bring the case to trial.

Mr Lauder was not arrested in connection with this scandal and to date has not answered any questions about the alleged cover up and money laundering. Many in Romania are asking why he hasn’t been called on to give evidence in this case.


Find Your Destination

Top Destinations

Photo Gallery