Luxten Lighting Company won the auction arranged by RAAPPS (the Self-Governing Department for Administration of the State Heritage and Protocol) for the Malu Rosu Farm in the locality of Gruiu. Since presidential interests were at stake, competitors didn't matter.
Politicians and businessmen have learnt a piece of information that Basescu's family is involved in the affair and that the Romanian President's wife owns the farm. In exchange to this 'service' delivered to the President's family, Luxten Lighting Company is to get favors, one of them the contract to handle the optic fiber in Bucharest Netcity. The company paid just 1,344,700 Euro for the fox and pheasant farm of 170, 314, 71 square meters, animals and buildings included.
But the farm will be worth more than 10 million Euro after the Bucharest-Brasov highway reaches close to it. Despite their considerable capital, reliable experience and employment of powerful businessmen, the competing companies (SC Sigur Construct General, SC Nova Estate, SC Alrado Marketing & Services, SC Euro P.E.C.) stepped back or were defeated by Ionel Pepenica.
The President's connections with Luxten Lighting Company date back. His daughters earned thousands of Euro when working for the company. (...)
Mihnea Talau & Marian Ghiteanu
Ziua Joi 09 August 2007 http://www.ziua.net/english
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