President Basescu asks brother to drop stake in defence company

President Traian Basescu has asked his brother to immediately drop his stake in a company involved in defence-related activities, the Presidential Administration announced on Friday, after the news media carried such reports about his brother Mircea Basescu.

‘President Traian Basescu regrets that a family member is a shareholder at a company involved in defence-related activities.

The president was assured the company had not been involved in contracts with defence products. Furthermore, the president has asked Mr. Mircea Basescu to immediately abandon his shareholding in that firm.

The head of state thanks the media for signalling this case and regrets the situation’, the Presidential Administration said in a release.

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