13A
K1S 3S4,
Telephone: [1] (613) 233 1743
Telecopier: [1] (613) 233 1743
Email:
Samuel
A. DiPiazza Jr
Chairman's
Office -
PricewaterhouseCoopers LLP
1177 Avenue of the
Telephone: [1] (646) 471 4000
Telecopier: [1] (646) 471 3188
BY FAX
Subject: Romanian
prosecutors investigate accusations of illegalities in the COMTIM’s
liquidation procedure handled by PricewaterhouseCoopers
Dear Mr. DiPiazza Jr.,
As on my previous communication I would like to keep your
office, as well as the other Senior PwC Partners that are aware of my
accusations against PwC
On September 6th, 2003 the Romanian newspapers
have announced that the Romanian prosecutors have opened an investigation
(registered with the number 147/P/2003) in the alleged illegal actions taken by
the Syndic Judge Mrs. Marghescu in the liquidation
procedure of COMTIM. The investigation
was opened at the request of the association “Cuponul”
that comprises more than 110,000 shareholders of COMTIM
The same report was included in one of the leading Romanian
newspapers “Evenimentul Zilei”
in their edition of August 7th, 2003 (it can be viewed here http://www.expres.ro/vest/?news_id=128055). The same newspaper on June 6th,
2003, reveals the accusations of the association “Cuponul”
which accuses Mr. Radu Bufanu (as the liquidator of
COMTIM from PwC
The short summary of the Romanian events confirms entirely
my accusations that I brought since June 2001 to the attention of PWC offices
in US,
As I have not received any reply to my communication to you
dated August 2003, I have presented my case to different journalists in
I further presented the complete file (150 pages) of copies
of original documents to the written media in
In the alternative media, the web
site www.pwcromania.com was indexed in the leading search engines and it is visible
when searching a variety of keyword combinations including
“PricewaterhouseCoopers
I would like to note that the response of the PwC Romanian office to inquiries made by the media surrounding this case turned into an attempt to cover the fraud with lies. I would like to exemplify, quoting the following public statements:
- in the article published in “Evenimentul Zilei” on February 11th, 2003 (http://www.expres.ro/vest/?news_id=111626 with the English translation here http://www.oocities.org/pwcromania/evzileieng.html) , Radu Bufanu “confirms that initially an advert was published, but that lately was removed on purpose to eliminate any dishonest interpretation” (Romanian quote from the article - Radu Bufanu a confirmat faptul ca initial a fost publicat un asemenea anunt, dar ca ulterior el ar fi fost retras, tocmai pentru a evita neclaritatile pe tema respectiva). The Contract of Cession of Credit signed on December 13th, 2003 by Radu Bufanu’s manager, Mr. Emilian Radu contradicts Mr. Bufanu’s recollection of past events!
- in the article published in “Ziua” on June 23rd, 2003 (http://www.oocities.org/pwcromania/ziua.html and the English translation here http://www.oocities.org/pwcromania/ziuae.html), the Director of the Liquidation Practice of PwC Romania, Mrs. Speranta Munteanu declares “This did not represent in any way an attempt to deny the restitution of the house, but implied the careful verification of the request and the claims of the alleged heirs in order to avoid a fraud targeting COMTIM”. Only in February 2003, PwC started claiming that it does not have sufficient proof relative to our right as heirs of Eugen Klein. At that date, PwC had already sold the house to Agrotorvis more than 14 months earlier as shown in the Contract of Cession of Credit. Although it is highly improbable that the Director of the Liquidation Practice was unaware of the contract signed by a Senior PwC Partner, Mr. Emilian Radu, at the time when she made the above statement to the newspaper, Mrs. Munteanu adds credibility to her lie by stating that “all the inquiries of the international offices of PwC had concluded that the Romanian office acted in sync with the legal norms relative to bankruptcies and the activity of consultants in reorganization and liquidation".
It is obvious from the above, that the Romanian office is
using your flawed investigations to draw further legitimacy for their illegal
actions surrounding the house that I claim.
However, these lies issued by PWC’s Romanian
office just add more content to my accusations and to my supporting proof. It
also undermines the initial goodwill and perception that surrounded the PwC
name in
In light of the recent developments and the official
investigations opened by the Romanian prosecutors in the liquidation of Comtim, I intend to
present in seven days from the date of this communication a complete file of
the PwC dealings, as the liquidator of COMTIM, in the case of the house that I
claim under the Romanian restitution law.
At that date, I will request an
official investigation in the role of PricewaterhouseCoopers in the illegal
sale of my house to the Italian investor and I will bring as proof my
numerous communications to the
As such, I invite you again to contact me, without delay, in
this matter with the intent to finding a quick solution.
Best regards,
Eugen Szekely